Court: "Taean Oil Spill Recovery Groups Must Return 280 Billion Won in Funds"
4 Articles
4 Articles
A ruling has been issued stating that local victim groups (cooperatives and foundations) established with the 2007 Taean oil spill damage recovery fund in South Chungcheong Province must return approximately 280 billion won in funds. It was revealed that these organizations effectively failed to carry out the public interest projects intended for their establishment for several years, instead using the funds for operating expenses such as employ…
The Seoul Central District Court ordered the West Coast Association and the Hebei Social Cooperative, which have been managing the recovery fund for the Taean oil spill, to return approximately 280 billion won in allocated funds to the Community Chest of Korea. It was revealed that the organizations used most of the funds for operating expenses and personnel costs rather than for their intended projects.
(Seoul = Yonhap News) Reporter Lee Young-seop = Organizations established to restore the damage from the 2007 Taean oil spill in South Chungcheong Province are demanding the return of approximately 280 billion won in funds...
A court ruling has been issued stating that organizations established to restore the damage from the 2007 oil spill in Taean, South Chungcheong Province, must return approximately 280 billion won in funds before they can be sold.
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