"No Cases of Fraudulent Subsidy Receipt" KBO Reveals Results of Office Inspection by Ministry of Culture, Sports and Tourism... Plans to Establish Internal Audit Department

*This content was translated by AI.

An office inspection conducted by the Ministry of Culture, Sports and Tourism on the Korea Baseball Organization (KBO) revealed no cases of fraudulent subsidy receipt in the execution process of national budget-supported projects.

On the 8th, the KBO stated, "Based on the results of the Ministry of Culture, Sports and Tourism's office inspection, we will review all internal operating regulations and, on that basis, push for improvements to relevant systems."

The office inspection was carried out as a follow-up to the national audit held last October regarding the use of corporate cards by KBO President Heo Goo-yeon. The KBO explained, "Even in the execution of work promotion funds and travel expense items allocated to subsidy projects, no improper budget execution was confirmed." However, it added, "Regarding the KBO's own budget execution and the criteria for inviting foreign guests to major game events, some items requiring system improvements were recommended."

The KBO plans to supplement regulations that have been in place for a long time to align with changing times. It also promised to systematically reorganize internal regulations while improving the management system.

According to the KBO, this will establish an operating system based on more sophisticated and consistent standards. The KBO emphasized, "We will establish a new internal audit department to further strengthen the transparency and accountability of budget execution alongside audit functions. We will continue to work to enhance external trust."

It further stated, "In addition, we will conduct education for employees and implement a regular inspection system to increase the effectiveness of the system. We plan to steadily develop the overall management level of operations."

It also said, "During this office inspection process, we actively cooperated with the Ministry of Culture, Sports and Tourism's inspection. Going forward, we plan to continue striving for fair and transparent league operations based on close cooperation with relevant institutional investors."

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*This content was translated by AI.