# Gimpo FC embezzlement scandal > Live situation record from CLSTR: https://clstr.news/situations/gimpo-fc-embezzlement-scandal > Updated: 2026-09-01T02:18:00.000Z. Sources: 2. Developments: 2. 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. ## Timeline ### 2026-09-01: 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 sources. https://clstr.news/cluster/gimpo-fc-embezzlement-scandal-prompts-calls-for-special-audit ### 2026-08-18: 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. 2 sources. https://clstr.news/cluster/gimpo-fc-embezzlement-exceeds-8-billion-won --- Cite as: Gimpo FC embezzlement scandal. CLSTR, https://clstr.news/situations/gimpo-fc-embezzlement-scandal