favors to defense firms cause big budget waste in south korea
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Favors to defense firms cause big budget waste in South Korea

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Arab Today, arab today Favors to defense firms cause big budget waste in South Korea

South Korean firms
Seoul - Yonhap

The military and related public agencies have provided a range of favors to defense companies and failed to properly manage them, leading to pervasive corruption and a huge waste of budget, the state auditor said Tuesday
Announcing the results of a three-month probe from May, the Board of Audit and Inspection (BAI) said the authorities designated defense goods without proper demand analysis and gave preferences to large defense companies for their production, which led to a waste of more than 600 billion won (US$544.9 million) in taxpayer money over the past several years.

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favors to defense firms cause big budget waste in south korea favors to defense firms cause big budget waste in south korea

 



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favors to defense firms cause big budget waste in south korea favors to defense firms cause big budget waste in south korea

 



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