[2024 National Audit] Lee Bok-hyun "Timon identified misappropriation of 20 billion won in deposits... Cooperating with prosecution"

FSS Requested Separate Deposit in 2022 but Not Complied
Rep. Kim Yong-man: "FSS Should Have Been More Thorough"... Lee Bok-hyun: "We Are Reflecting"
Rep. Min Byung-duk: "Received Multiple Reports of 'Gold Bar Deliveries' to Koo Young-bae's Residence"

Lee Bok-hyun, Governor of the Financial Supervisory Service, is responding to a lawmaker's question during the National Assembly's Political Affairs Committee's audit of the Financial Supervisory Service held on the 17th. Photo by Kim Hyun-min

Lee Bok-hyun, Governor of the Financial Supervisory Service (FSS), stated that TMON, which caused a large-scale settlement delay incident, is believed to have not used the separately deposited 20 billion KRW as intended. The FSS had previously required TMON to separately deposit 20 billion KRW in 2022.

On the 17th, during the National Assembly's Political Affairs Committee audit, in response to a question from Kim Yong-man, a member of the Democratic Party of Korea, asking whether the whereabouts of TMON's separate deposit of 20 billion KRW had been identified, Governor Lee replied, "It is believed that the separate deposit was not used as intended," adding, "We are cooperating with the prosecution to conduct an investigation."

Kim also pointed out, "If the separate deposit of 20 billion KRW had existed, it would have helped to restore the damages caused by the TMON and WEMAKEPRICE incidents," and said, "If the FSS had taken meticulous measures, the incident could have been prevented in advance." In response, Governor Lee said, "I reflect that the related systems and methods should have been tighter," and added, "We will conduct further review and report the materials currently being shared with the prosecution."

Min Byung-duk, also a member of the Democratic Party of Korea, introduced a tip-off about gold bars being delivered to Koo Young-bae, CEO of Qoo10 Group, emphasizing the need for a more thorough investigation. Min explained, "There is a tip-off that two wheeled travel suitcases containing gold bars were brought to CEO Koo's residence by an employee and handed over directly in front of his wife," adding, "It is said that 50 kg of gold bars were delivered in four separate occasions."

He further stated, "I had also said that CEO Koo's offshore company should be investigated," and added, "Since all slush funds should be used for damage restoration, please do your best." Governor Lee responded, "We will do so."

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