April 24, 2024
Economy
KOICA chief offers to quit amid presidential scandal
[THE INVESTOR] The head of a state-run overseas aid agency has offered to resign amid allegations of being involved in the corruption scandal that led to the ouster of former President Park Geun-hye, a government source said on April 19.
Kim In-sik, 68, president of the Korea International Cooperation Agency (KOICA), recently delivered his intention to step down to the Foreign Ministry, , according to the source.
“He is expected to submit his resignation letter as early as this week,” the source said.
A recent investigation found that Kim’s choice as the KOICA head was recommended by Park’s close confidante Choi Soon-sil, seeking to make profits from a project in Myanmar.
Earlier this month, South Korean Ambassador to Myanmar Yoo Jae-kyung also offered to resign after he was revealed to have been recommended by Choi.
Kim’s departure will likely be completed at the latest before the presidential election to be held on May 9 to fill the void caused by Park’s ouster, the source said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Kim In-sik, 68, president of the Korea International Cooperation Agency (KOICA), recently delivered his intention to step down to the Foreign Ministry, , according to the source.
“He is expected to submit his resignation letter as early as this week,” the source said.
A recent investigation found that Kim’s choice as the KOICA head was recommended by Park’s close confidante Choi Soon-sil, seeking to make profits from a project in Myanmar.
Earlier this month, South Korean Ambassador to Myanmar Yoo Jae-kyung also offered to resign after he was revealed to have been recommended by Choi.
Kim’s departure will likely be completed at the latest before the presidential election to be held on May 9 to fill the void caused by Park’s ouster, the source said.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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