Financial Supervisory Service Governor, Kim
Ki-sik offered to resign from his post on Monday after the National Election Commission
announced the former lawmaker violated Election Law. The Presidential Office of Cheong Wa Dae announced
shortly after that it respects the watchdog’s decision and plans to accept Kim’s resignation
in the coming hours. The NEC found illegality in Kim’s actions
at the end of his term as lawmaker, when he made a donation of more than 45 thousand U.S.
dollars to an association of lawmakers to which he belonged. He was also under fire after it was revealed
that three overseas trips made during his time in office were funded by financial and
research institutions under the oversight of his parliamentary financial committee.