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Financial Supervisory Service disclosed ridiculous information of spending on working task

opengirok 2012. 8. 29. 17:21

Financial Supervisory Service disclosed ridiculous information of spending on working task


                                                              
                                   

   Translated by Insun Kim(voluntarily activist)

 

 

President Kwon Hyeok-sae of the Financial Supervisory Service (picture from  the Financial

Supervisory Service)

 

 

 


Financial Supervisory Service is a special corporation under the Financial Service Commission to supervise financial institutions. As the service center watches financial companies, it is needless to say that the budget statement and administration of the Financial Supervisory Service should be flawless. We, the Center for Freedom of Information, claimed for the budget statement to the corporation, which the president and the vice president spent, since there is no way to find out that kind of data on its website.


What we demanded for

We sincerely thank you for your efforts on your job. These are the list which we would like to know about.

1. Details of expenditure for managing the company, which the president used, from January to June in 2012.

2. Details of expenditure for the extra things, which the president used, from January to June in 2012.

3. Details of expenditure for managing the company, which the vice president used, from January to June in 2012.

ps. The data should include the purpose, place, date, and amount of expenditure.


What the center disclosed to us.

1. Details of expenditure for managing the company, which the president used, from January to June in 2012.

2. Details of expenditure for managing the company, which the vice president used, from January to June in 2012.

We, the Financial Supervisory Service, do not deal with the money for the extra things.

 


  As you can see above, we asked them to cover the place, date and amount of spending.  However, there was much empty space on the data despite the fact that they opened this information after ten days later.
  What the Financial Supervisory Service revealed on the data was just the sum of expenditure and the frequency of spending per month from between January and June and it was 'very simple'.

 


Detailed statement of fund for company operation during the fist half of 2012   (unit : 1000won)

month

conference for processing policy

company event

total

frequency

amount

frequency

amount

January

14

3,861

19

1,900

5.761

February

16

4,343

17

1,700

6,043

March

15

4,422

16

1,600

6,022

April

13

3,619

18

1,800

5,419

May

14

3,970

15

1,500

5,470

June

18

4,833

19

1,900

6,733

total

90

25,047

104

10,400

35,447

 

Spending on company operation, president Kwon Hyeok-sae used, from January to June in 2012, according to the Financial Supervisory Service.

 

Detailed statement of fund for company operation during the fist half of 2012 of three vice president. (unit : 1000won)

month

conference for processing policy

company event

total

frequency

amount

frequency

amount

January

29

5,763

11

550

6,313

February

24

4,387

1

50

4,437

March

16

4,064

2

100

4,164

April

29

7,249

3

150

7,399

May

44

8,526

0

0

8,526

June

13

2,755

0

0

2,755

total

155

32,744

17

850

33,594

 

 

spending on company operation, the vice presidents used, from January to June in 2012, according to the Financial Supervisory Service.


  Given the amount of expenditure, the corporation spent more than 4,000,000 won on conference for processing policy per month for six months. They also spent 1,500,000 for company event per month for the same time. The total amount is more than 35,000,000, which is very large sum of money.

 

 

  However, there is no way to find out whether the money was used properly for its purpose and whether it was the suitable amount. It only shows how much they spent money per month on company operation.

 

 

  In other words, to examine whether they waste the fund or not, the data should include the information about the purpose, place, and the number of people who used the money.

  There is no doubt that the Financial Supervisory Service knows that these detailed data should be included on what they provided to us. But, it is unacceptable the Financial Supervisory Service dealt with the data so ambiguously.

 

 

  One of the reason that information reporting system was settled and statement of money has to be opened previously is the effort to strength the system for watching on the administration. However, if all the institutions, which are supposed to be supervised, open the information vaguely like the Financial Supervisory Service does, the information disclosure system would be meaningless.

 


  Finance is the core of capitalistic economy. Therefore, it cannot be emphasized enough that the Financial Supervisory Service, which watches on the financial institutions, is highly important. People cannot trust this corporation unless it can  prove its reliability to public.

 

 

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