Unification Church foundation sought to sell $39 mil. in assets during probe: lawmaker
The Unification Church foundation tried to dispose of assets worth 52.3 billion won ($39 million) while it was under investigation over corruption charges linked to former President Yoon Suk Yeol, a lawmaker said Wednesday. The Foundation for the Support of HSA-UWC, run by the Unification Church, filed two applications with the Ministry of Culture, Sports and Tourism in December and March to…
A lawmaker claims the Unification Church foundation attempted to sell assets totaling 39 million U.S. dollars ($52.3 billion won) during a corruption investigation involving former President Yoon Suk Yeol. The Foundation for the Support of HSA-UWC, under the Unification Church's control, submitted two applications to the Ministry of Culture, Sports and Tourism in December and March to dispose of its property, but both requests were denied, according to Rep. Jin Sun-mee of the Democratic Party of Korea.
The foundation sought approval to liquidate assets worth roughly 52 billion won in Seoul. However, the ministry rejected the proposals, citing the lack of a clear plan for utilizing the high-value properties while the foundation and its subsidiaries were under investigation by a special counsel and law enforcement.
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