Prosecutors Raid KOICA...Suspicions of Multi-Million Bribe Involving 'Permanent Director During Moon Administration'

Audit Board Investigation Request at the End of Last Year

[Asia Economy Reporter Jang Sehee] The prosecution has launched a forced investigation related to the former standing director of KOICA, who is accused of receiving hundreds of millions of won from executives and employees in exchange for personnel favors.

On the morning of the 3rd, the Seoul Eastern District Prosecutors' Office sent prosecutors and investigators to KOICA's office in Seongnam, Gyeonggi Province, to conduct a search and seizure.

At the end of last year, the Board of Audit and Inspection requested the prosecution to investigate the former director on three charges, including bribery. They also requested an investigation into 15 executives on charges of bribery offering.

The Board of Audit and Inspection revealed that, as a result of an on-site audit of KOICA conducted from March to April last year, Song, the director of the Social Value Management Headquarters, who concurrently held the position of personnel committee chairman with full authority over personnel and contract matters from 2018 to 2020, was found to have received 385 million won from 22 executives and employees. Among them, it was confirmed that 293 million won was received from 15 individuals in exchange for executive appointments, promotions, transfers, and contracts.