Politics · South Korea · 1 day ago

Court orders two groups to return about 280 billion won in oil spill funds

Court orders two groups to return about 280 billion won in oil spill funds

A Seoul court has ordered two groups created after the 2007 Taean oil spill to return about 280 billion won in regional development funds.

The spill happened off South Korea’s Taean coast when a Samsung Heavy Industries crane ship collided with a Chinese oil tanker.

In 2016, Samsung Heavy Industries agreed to donate 290 billion won to support affected communities, and the groups were formed to carry out public-benefit projects.

The court said the groups had spent only a small share of their allocations by the end of 2021.

Much of what they had spent went to staff pay and other operating costs, while internal conflict also hindered one group’s work.

The court upheld the fund distributor’s decision to recover the money and ordered one group to pay about 100.1 billion won and the other about 185 billion won.

The groups had challenged the recovery, leading the distributor to sue in 2023.

Sources

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