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2 clusters · 2 sources · 14 days · First seen · Last updated

Gimpo FC embezzlement scandal

Overview

An investigation by Gimpo City revealed that an employee at the K League 2 football club Gimpo FC embezzled over 8 billion won between 2023 and 2025. The suspect allegedly used false reports regarding deposits to hide the theft, using a portion of the funds to purchase luxury foreign vehicles and real estate in Japan.

In response to the scandal, Gimpo FC representative director Hong Kyung-ho offered to resign, though Gimpo City declined the resignation pending the full establishment of facts. Gimpo Mayor Lee Ki-hyung criticized the lack of management oversight and indicated the city would pursue criminal and civil liability.

Following these developments, Gimpo City Council member Jung Young-hye called for a comprehensive special audit and a thorough police investigation. Jung raised concerns regarding failures in internal controls and the club’s inability to uphold financial regulations requiring the separation of income and expenditure duties. She has demanded a full comparison of all financial accounts, transaction records, and sponsorship contracts against original bank documents from 2023 to the present, while urging a systemic review of all affiliated organizations.

Entities

Gimpo FC · Jung Young-hye · Gimpo City Council · Gimpo City

Timeline

  1. 11 days ago

    [POLITICS] 2 sources
    Gimpo FC embezzlement scandal prompts calls for special audit

    Gimpo City Council member Jung Young-hye is demanding a special audit and police investigation into a multi-billion won embezzlement scandal at Gimpo FC, citing major internal control failures.

  2. 24 days ago

    [CRIME] 2 sources
    Gimpo FC embezzlement exceeds 8 billion won

    Embezzlement at South Korean K League 2 club Gimpo FC has risen to over 8 billion won, with funds allegedly used for Japanese real estate and luxury cars.

Sources

gimpo.com · joongboo.com