1. The outcome of the special audit of public funds by the Board of Audit and Inspection of Korea (hereafter the Board) revealed November 29th was terribly shocking. 150 trillion Won from taxes was dumped into banks, but executives supported by the banks ripped off 7 trillion Won for private uses. Something is very wrong in the system of operating the pub...
2001/12/19 00:00 2001/12/19 00:00
What is an expediency fund? An expediency fund is classified as the business expenses in a budget. In detail, it is divided into 'office management expenses', 'policy proceeding expenses', 'the expenses for staff addition', and so on. Because expediency funds are part of the budget that comes from of taxes, it should be spent only for public use. In spit...
2001/09/15 00:00 2001/09/15 00:00
Few people know that political party funds are from the tax of the people. Every year parties spend the tax under the name of government subsidy. The election subsidy is also given to parties at the election. Originally, the "new military authorities" introduced the government subsidy system at 1981. Through this system, military authorities could...
2001/09/15 00:00 2001/09/15 00:00