NongHyup Chairman Kang Ho-dong points an apology for the outcomes of the agriculture ministry’s particular audit, on the federation’s headquarters in central Seoul, Tuesday. Yonhap
The pinnacle of the Nationwide Agricultural Cooperative Federation, also called NongHyup, issued a public apology Tuesday over current allegations of lax administration.
“I take full duty and supply my honest apologies for failing to dwell as much as the expectations of the general public and farmers by inflicting issues,” NongHyup Chairman Kang Ho-dong mentioned, including he’ll step down from his posts as head of the Farmers Newspaper and the NongHyup Basis. Kang will proceed to function the chair of NongHyup.
Kang’s apology got here just a few days after the agriculture ministry introduced the end result of a particular audit that exposed Kang had paid lodging bills exceeding the allowed restrict for abroad enterprise journeys and used funds to supply particular allowances to executives regardless of the federation working in a disaster administration mode final 12 months as a result of its monetary weak spot.
Kang was additionally discovered to have obtained extreme quantities of wage by doubling as the pinnacle of the Farmers Newspaper, which he claimed was a customary observe.
Kang is at present underneath police investigation over allegations of receiving bribes throughout his election marketing campaign.
The agriculture ministry has mentioned it’ll conduct a further audit into bribery allegations involving different officers at NongHyup, in addition to suspicions that NongHyup unfairly interfered in personnel modifications at its associates utilizing its affect.
Earlier within the day, media reviews instructed NongHyup exerted affect on personnel issues at NongHyup Financial institution and different monetary associates, utilizing its affect over governance, regardless of not having direct authority over personnel choices.
