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Briefings South Korea to reinforce transparency in grant allocations following NGO audit A comprehensive audit report by the South Korean presidential office has revealed alarming corruption among non-profit, non-governmental organizations (NGOs) receiving state subsidies. The government conducted audits of over 12,000 NGOs that received state subsidies in the last three years and uncovered 1,865 cases of corruption and irregularities in projects worth more than $840 million (1.1 trillion won). The confirmed misused funds amounted to $24 million (31.4 billion won). Since organizations that received grants of less than $23,000 (30 million won) were excluded from the audit, the number of cases of funding misappropriation will likely increase. The government plans to recoup © Korea Risk Group. All rights reserved. |





