Overview-English

9. Jung retained a lawyer to establish a for-profit entity without notifying the board or the community.

On June 2, an online board meeting of Yeollin Gonggam TV was held. The board members expressed concerns that raising funds without a concrete plan could constitute fraud, and they requested an immediate suspension of the fundraising activities. The board emphasized that establishing a U.S. branch required prior board approval. However, Jung rejected the board’s position and, on June 8, secretly established a for-profit corporation without informing either the board or the Korean-American community.