Audit Shows Corruption Surrounding South Korean Renewable Energy Projects During the Moon Administration

This is not a renewable energy issue, this is more an issue of government picking winners and losers and people in the government benefiting from the winners they chose:

A total of 251 officials at public institutions were found to have taken part in solar panel businesses to make money in violation of ethics regulations during the previous Moon Jae-in administration, the state audit agency said Tuesday.

The officials from eight institutions, including the state-run Korea Electric Power Corp. (KEPCO), ran solar panel businesses either under their own names or under the names of relatives, according to the Board of Audit and Inspection (BAI).

During the Moon administration, solar power was considered not only as clean and environmentally friendly energy but also as a potentially lucrative investment opportunity, with stability and long-term prospects supported by strong government backing.

An example includes a KEPCO official who operated six solar power stations under the names of relatives after using insider information, reaping a combined profit of 880 million won (US$662,000), the BAI said.

Yonhap

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