Vice Chairman Jong-seok Yeh prepares for the election of President-elect
Korea Tennis Association Board of Directors
The president of the Korea Tennis Association, Chung Hee-gyun, has resigned amid allegations of embezzlement.
The Korea Tennis Association said Chung submitted his resignation at the association's 2023 fifth board meeting on 카지노사이트 Saturday afternoon in the conference room of the tennis stadium at Songpa Olympic Park in Seoul.
In his resignation, Chung said, "The association is in a state of wind turbulence," and added, "I have decided that my resignation is the first step in order for the association to be normalized."
The KTA has been virtually paralyzed as all bank accounts in its name have been seized after it failed to repay billions of won in debt to MediaWill, a company run by former chairman Joo Won-hong's brother, in connection with a project to remodel a tennis court at the military academy.
In addition, there were allegations that Chung had engaged in embezzlement through the Korea Junior Tennis Development Foundation, which he created when he took office, by accepting sponsorship fees from various contracts signed in the name of the KTA and some of the advertising revenue from international tournaments and using it as personal money.
As the controversy grew, Chung announced shortly after the board meeting on March 30 that he would resign once the issues were resolved, 온라인카지노 including the payment of employees' salaries and the Sports Ethics Center's investigation into his alleged embezzlement.
However, there were many in the tennis community who felt that a quick transition to an acting president would be a better option for the association to get back on track than allowing Chung, who had already lost his leadership, to remain in office.
With Chung's resignation, vice-president Yeh Jong-seok will take over as acting president, according to the bylaws, which state that the vice-presidents will assume the role of president in order of seniority.
"I will do my best to solve the problem. I will start working from tomorrow to understand the situation, find a solution, and convene the next board meeting as soon as possible."
The organization will prepare to elect a new president within 60 days if the remaining term of the deposed president is more than one year. 카지노사이트존 Chung's term was set to run until 2025.