The CEO of the state-run Korea Land and Housing Corp. (LH) offered to resign Friday amid the growing controversy over its lax oversight and poor management of apartment complexes with missing critical structural components. CEO Lee Han-joon said he was also belatedly informed that the firm omitted five apartment complexes from its inspection report on compounds with underground parking lots built using a flat plate m.
June 20, 2008 07:39
Some 257,000 government and public corporation officials went on overseas business trips during the two and a half years between 2005 and the middle of 2007, spending nearly W1 trillion. This is according to the results of an audit by the Board of Audit and Inspection done on 603 central and provincial authorities and public firms in June and July of last year.
The BAI says that from 2005 to the end of May 2007, 54,094 officials from 59 central agencies, 111,384 from 246 provincial agencies and 91,553 from 298 public firms traveled overseas on business. These trips cost W390.5 billion in 2005, W442.7 billion in 2006 and W147.8 billion in the first five months of 2007, for a total W981 billion.