• 2025.09.06 (Sat)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
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

  • Despite Tariff Windfall, U.S. Federal Deficit Widens by $109 Billion

  • Burger King Fined ₩300 Million by Fair Trade Commission for Forcing Franchisees to Use Specific Cleaning Products and Tomatoes

  • Mitsubishi Pulls Out of Japanese Offshore Wind Projects Amid Soaring Costs

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

Comments 0

Weekly Hot Issue

  • Israel Launches Airstrikes on Gaza City After Evacuation Order
  • US "475 people arrested at a Korean company site in Georgia… many are Korean" Official Announcement
  • Danang's Korean Community Takes a Big Leap Toward a New International School
  • Thailand's Political Landscape Shifts as Conservative Anutin Charnvirakul is Elected New Prime Minister 
  • The 10th Ulsan Ulju Mountain Film Festival: A Festival for the Entire Family
  • Russia Urges U.S. to Embrace Arctic Economic Partnership

Most Viewed

1
U.S. Government Acquires Controlling Stake in Intel, Signaling New Era of State-Corporate Alliance
2
Mitsubishi Pulls Out of Japanese Offshore Wind Projects Amid Soaring Costs
3
Brazil Weighs Legal Action as U.S. Tariffs Escalate Trade Tensions
4
The 34th Korean Dance Festival Opens a New Chapter for Daejeon with Dance
5
'K-Pop Demon Hunters' Is This Summer's Unlikely Juggernaut, Captivating U.S. Parents and Surging to Disney-Level Status
광고문의
임시1
임시3
임시2

Hot Issue

'Are you coming to get me?' The Last Plea of a Gazan Girl Resonates at the Venice Film Festival

U.S. Greenlights $32.5 Million in Aid for Nigeria Amid Rising Hunger Crisis

New Ebola Outbreak Confirmed in the DRC, 15 Dead

Nigerian River Tragedy: Overloaded Boat Capsizes, Leaving Dozens Dead

China’s online public opinion manipulation goes beyond Korea

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
  • 에이펙2025
  • 우리방송
  • APEC2025가이드북TV
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
  • Multicultural News
  • Jobs & Workers
  • APEC 2025 KOREA GUIDE