▲ Whimoon High School
The chairman of the foundation operating Whimoon High School has been indicted on charges of embezzlement and breach of trust involving hundreds of millions of won.
The Seoul Central District Prosecutors Office (Criminal Division 7, Chief Prosecutor Cho Yoon-cheol) announced on July 8 that it has indicted Kim Jung-bae, chairman of the Whimoon Educational Foundation, along with two other employees, without detention on charges including professional embezzlement, breach of trust, and violation of the Private School Act.
They are accused of spending school funds at their own discretion.
Previously, the police had referred the case to the prosecution at the end of October last year, estimating that they had embezzled approximately 120 million won in school funds.
Following further investigation, the prosecution determined that they had misappropriated an additional 210 million won through the unauthorized use of corporate cards and other means, leading to the additional charge of breach of trust.
(Photo: Yonhap News)
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