"Audit on Nuclear Phase-Out for Private Gain"... Civic Group Reports Yubyeongho, Secretary General of Board of Audit and Inspection, to Anti-Corruption Commission

On the 12th, the civic group Judicial Justice Citizens' Action for Correcting (Sasehaeng) reported Yoo Byung-ho, Secretary General of the Board of Audit and Inspection, to the Anti-Corruption and Civil Rights Commission, alleging that the audit on nuclear phase-out was conducted for private gain through stock price increases.
Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Oh Gyumin] A civic group reported Yoo Byung-ho, Secretary General of the Board of Audit and Inspection, to the Anti-Corruption and Civil Rights Commission, alleging that he conducted an audit on the nuclear phase-out policy for private gain through stock price increases.

The Citizens' Action for Judicial Justice (Kim Han-me, Executive Director) held a press conference at 2 p.m. on the 12th in front of the Anti-Corruption and Civil Rights Commission's Seoul Civil Petition Office in Seodaemun-gu, Seoul, stating, “Secretary General Yoo oversaw audits related to the Moon Jae-in administration's nuclear phase-out policy and used undisclosed information obtained through these audits to purchase Doosan Enerbility stocks via his children,” adding, “It appears he deliberately pushed forward audits related to the nuclear phase-out aiming for stock price increases, which constitutes a violation of the Conflict of Interest Prevention Act.”

Director Kim said, “The opposition parties pointed out that it is inappropriate for Secretary General Yoo to hold stocks in nuclear power companies that could be affected, given that he led the 'nuclear phase-out audit' during the previous administration and is currently involved in so-called 'eradication of corruption' efforts including the nuclear phase-out under the current government.”

He continued, “The value of Doosan Enerbility stocks held by Secretary General Yoo’s children was approximately 25.12 million KRW based on the closing price of 17,350 KRW on June 15, the date of his appointment,” and claimed, “Under the Yoon Seok-yeol administration, which officially declared the termination of the nuclear phase-out policy, Doosan Enerbility is considered a beneficiary stock amid expectations of a 'second nuclear renaissance.'”

Lastly, Director Kim added, “According to the Board of Audit and Inspection, the reported children purchased the stocks around June last year,” and “At that time, Secretary General Yoo was serving as the Director of the Public Institution Audit Bureau, responsible for auditing the Wolseong Nuclear Power Plant.”

Meanwhile, Secretary General Yoo explained the circumstances of acquiring Doosan Enerbility stocks, stating, “It had been eight months since the Wolseong Nuclear Power Plant audit ended when I gifted 50 million KRW each to my children,” and “Afterwards, my children purchased the stocks on their own accord as part of their economic studies, and they are currently recording losses.”

This content was produced with the assistance of AI translation services.