BUSINESS

Finance minister holds meeting over ex-govt. official's whistleblowing claim

By Yonhap
  • Published : Jan 6, 2019 - 20:46
  • Updated : Jan 7, 2019 - 10:05

South Korea's finance minister held a meeting with senior officials Sunday to discuss pending issues, including a former ministry official who claimed to be a public-interest whistleblower.

The country's finance ministry has filed a complaint against Shin Jae-min, a former official who claimed that the presidential office Cheong Wa Dae abused its power over the country's leading tobacco maker and the finance ministry.


Finace Minister Hong Nam-ki (Yonhap)

At a weekly meeting, Minister Hong Nam-ki and ministry officials discussed the revelation made by Shin, who disappeared last week after hinting that he would commit suicide. He was later found alive.

"There was no discussion about whether the ministry will drop its complaint against Shin," a ministry official said.

The 33-year-old Shin claimed that the finance ministry attempted to issue deficit-covering bonds worth 4 trillion won($3.56 billion) in late 2017 under pressure from the presidential office. He insisted that the move was aimed at boosting government debt for fiscal 2017 to make the former Park Geun-hye administration look bad.

Park was ousted in March 2017 over a massive corruption scandal and President Moon took office in May of that year.

The ministry said it made a final decision not to issue bonds, claiming that there was no "forced order" from above over a possible bond issuance.

Meanwhile, Yoo Sung-kull, who was vice finance minister in 2010-2012 under the conservative administration of then President Lee Myung-bak, held a protest in front of the ministry's headquarters, calling for the truth of the bond sale plan to be uncovered. (Yonhap)



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