Song Eon-seok "There is no way to check who used it and why... A management system must be established."

Song Eon-seok "There is no way to check who used it and why... A management system must be established."

(Seoul = Yonhap News) Reporter Kim Yeon-jeong = State-run banks Industrial Bank of Korea and Korea Development Bank own a total of 14 golf course memberships (acquisition amount of 14.6 billion won), but it was found that they do not separately manage who used the memberships and for what purposes.

According to data submitted by People Power Party lawmaker Song Eon-seok, a member of the National Assembly's Political Affairs Committee, from Industrial Bank of Korea and Korea Development Bank on the 25th, Industrial Bank of Korea holds membership rights to 12 golf courses across the country, and the acquisition amount amounted to 8.793 billion won.

The acquisition amount of golf memberships held by Industrial Bank of Korea was highest at 1.632 billion won for Korea CC, 1.511 billion won for Lakewood CC, 1.06 billion won for Adonis CC, and 1.015 billion won for Rexfield CC. Last year, Ananti membership was also acquired for 817 million won.

Korea Development Bank holds membership rights to two golf courses, including Blackstone CC and Crystal Valley CC, and the acquisition amounts were 3.577 billion won and 2.3 billion won, respectively, for a total of 5.877 billion won.

It was confirmed that the two banks used golf course memberships held by executives and employees by directly making reservations at golf courses, and did not separately manage membership users and purposes of use.

In response to an inquiry from the National Assembly's Office, Industrial Bank of Korea explained that "membership is only used for business activities with customers," but did not submit it, saying there was no record to confirm who used it, when, and for what purpose.

Korea Development Bank also responded to an inquiry from the lawmaker's office by saying, "We do not separately manage reservations and usage records for each executive and employee."

Rep. Song said, “It is a serious mismanagement that a government-run bank cannot even figure out who used golf course memberships worth billions of won and when and for what purpose,” and added, “We need to establish a system to record and inspect everything from application for use and approval to usage details, and completely reexamine the necessity of holding each membership and sell off excessive or unnecessary memberships.”