• 2026.09.05 (Sat)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
[등록] 2026-09-01 15:48:31
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > People & Life

Lee Tae-sik, President of KOFST, Abruptly Resigns Amid Misconduct Allegations

Desk / Updated : 2025-07-21 18:08:09
  • -
  • +
  • Print

 

Lee Tae-sik, president of the Korean Federation of Science and Technology Societies (KOFST), abruptly resigned on the 21st amid numerous allegations of misconduct, including harassment of employees and misappropriation of operational expenses. This is understood as him taking responsibility for the controversies that arose following the Ministry of Science and ICT's comprehensive audit results.

According to the Ministry of Science and ICT's audit report, President Lee was accused of workplace harassment, such as forcing specific employees to drink punitive shots at KOFST company dinners and ordering their dismissal from positions through the personnel committee. Furthermore, it was revealed that he made inappropriate expenditures, including pre-payments at hotels with operational funds and purchasing laptops and mobile phones worth millions of won. Notably, the audit report highlighted as a major point of criticism that he increased monthly operational expenses without board approval, despite KOFST carrying a massive debt of 58.7 billion won.

In addition, President Lee was also accused of conflicts of interest and providing preferential treatment, such as excessively allocating entertainment expenses despite being a non-standing executive, funneling service contracts to a company where his child is the largest shareholder, and offering discounts on meeting room rentals to acquaintances. Following the public release of the audit report, there was a barrage of demands for President Lee's immediate resignation from within KOFST, particularly from the union and executive staff. Although President Lee expressed his intention to resign, it was initially reported that he intended to remain in his position until September and even obtained security pledges from employees not to disclose related information to external parties, leading to further criticism. During this process, internal conflict deepened, with two vice presidents appointed by President Lee also tendering their resignations.

Ultimately, President Lee stated, "I gravely accept the various controversies and situations that have recently arisen," expressing his intention to resign and stepping down from the presidency as of that day. In accordance with its articles of association, KOFST will now begin the process of electing a successor. This incident is expected to serve as a renewed reminder of the importance of transparent and sound operation for KOFST, which is burdened with substantial debt.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #micorea
  • #mykorea
  • #Lifeplaza
  • #nammidonganews
  • #singaporenewsk
  • #Taiwanpost
  • #Samsung
  • #Doosa
Desk
Desk

Popular articles

  • Hyundai Motor Faces First Full-Scale Strike in a Decade Over Wage Impasse 

  • XAVIS Secures Contract to Supply Advanced X-Ray Inspection Systems to European Lines of Global Food Sauce Brand

  • K-Medical Aesthetics Soar as Exports Fuel Record-Breaking Earnings

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065604021192960 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • “Korea to Surpass Japan, Becoming the World’s Oldest Nation by 2060… 4 out of 10 to Be Aged 65 or Older”
  • "To Dedicate Myself to Korean Football Will Be Proved on the Pitch"
  • "AAPI Voter Wave Shakes Georgia": Michelle Kang Wins Landslide Victory in State House District 99 Democratic Primary
  • Consulate General Announces Employment Support Program for Korean-Brazilian Youth: “From Korean Language to Certifications and Employment” 
  • Korean Cultural Centers Worldwide Move Beyond 'K-Lifestyle' Experiences to Become Export Hubs
  • Gangwon Special Self-Governing Province Adopts '5 Key Articles of the Joint Declaration on Sustainable International Tourism Cooperation' with EATOF Member Countries

Most Viewed

1
Bridging Nations, Building Futures: Reflections of Ethiopia's Ambassador to the Republic of Korea
2
Hyundai Motor Faces First Full-Scale Strike in a Decade Over Wage Impasse 
3
President Lee Declares Geoje and Tongyeong 'Special Disaster Zones' Amid Heavy Rain Damage
4
MegazoneSoft Completes Google Workspace-Based AI Transformation for Nongshim Group 
5
Japan Carries Out First Execution in 14 Months Under Prime Minister Takaichi, Stoking Debate on Capital Punishment
광고문의
임시1
임시3
임시2

Hot Issue

“Thank you for staying alive”… Miracle survival of 2 people 9 days after Nepal's massive flood

NAND Market Surges 70%... 'Samsung and Hynix' Sweep Global 1st and 2nd Places

Jensen Huang Donates 13.5 Billion Won to Flood-Stricken Nepal

K-Next-Generation Reactor Breaks Through to Denmark Export

Fashion Runway Show 2026

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 향기네무료급식
  • BCB부천방송
  • 반달곰 프로젝트
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Overseas Koreans
  • Multicultural News