On May 7, the Ministry of Education (MoE) revealed an audit report of Korea University (KU) and its school foundation. MoE’s inspection continued for eight days, starting from June, 2018. The report revealed the corruption of KU and its corporation that has been going on unseen for the last three years. Specifically, the faculty members at KU have committed 22 irregularities arousing great public criticism.
Accounting of the school’s educational expenditures helps management of students’ tuition fees. However, the funds that are supposed to be used for students have been spent for personal use by faculty members. 81 departments purchased goods worth about 180 million won as incentives for the employees on 299 occasions without a specific enforcement guideline. The cost of golden keys as a retirement gift for the former chief secretary and the cost spent for commuting were all used from educational expenditures for the school. A total amount of about 109 million won appropriated for the entrance examination was unjustly used as research and promotional allowances. Furthermore, 13 faculty members who work for KU hospitals paid the money spent in karaoke bars with a corporate credit card 22 times.
KU student union (KUSU) has continuously required the school foundation for an accurate audit report. However, KU has maintained its position that there are no problems related to the auditing process, which eventually proved to be false. President Chung Jin Taek made a public apology on May 9, promising to prevent recurrence. KUSU and the student body expect KU to make its accounts and operations as transparent as possible.