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Money Shots and Gunfire: The High-Stakes World of Professional Gaming

Money Shots and Gunfire: The High-Stakes World of Professional Gaming

September 9, 2024 Catherine Williams - Chief Editor Sports

People Power ‌Party Exposes Sports ⁤World Corruption, Including Shooting Federation

Korean ‌shooting achieved its⁣ best ⁢results ‌ever at the last Paris Olympics, with 3 golds and 3 ⁤silvers. However, the shooting federation has not‍ yet paid ‍out the​ 315 million won in prize money⁤ to the athletes and coaching staff. According to the shooting federation regulations, ‌the Olympic gold medal prize money is 50 million won for the ⁣athlete and 25 ⁢million won for the coaching staff, and the silver ‌medal prize money is 20 million won ⁢for the athlete and 10 million won ⁤for the coaching ⁣staff.

Rep. Jin Jong-oh of the People Power Party, a former Olympic shooting gold medalist, held a press conference to disclose some of the “70 or so reports of corruption in the sports world,” ⁤including this ​issue. He said that various ‍suspicions were raised ‌in 13 sports, including badminton, taekwondo, ice skating, ​swimming, and soccer, and that they ⁢were ⁣being investigated.

Rep. Jin claimed that former Korea Shooting Federation Chairman ⁢Shin⁤ Myeong-ju suddenly resigned early last ⁤month, only two ‍months after taking office, and had not paid the sponsorship (300 ⁣million won) that he had promised to give when⁣ he ⁢took office. He also stated ‌that 378.7 million ‍won (80 cases) in prize money for various athletes had not been paid. Additionally, ​performance-based pay was paid to employees under these circumstances.

Graphics = Kim Sung-kyu

The problem is that​ former Chairman ⁣Shin is not providing sponsorship ⁤money⁢ and is causing problems with​ the payment of prize money, ⁢etc.⁤ The Shooting Federation, ‌which has an annual budget of⁢ 5.6 billion won, had planned to use ‍former Chairman Shin’s sponsorship money for prize‍ money, etc.

The ⁢whistleblower center received ‍a report that 32 million won in performance bonuses were paid to 9 Federation ​employees early this year for their contribution to hosting the World Junior Shooting Championships and Asian Shooting Championships held ​in ‌Korea last year. This has ‍raised concerns that while ⁤athletes are not receiving prize money, employees are receiving performance bonuses.

The Shooting Federation said that ⁤the⁢ Olympic medalist prize money was originally planned to ⁣be paid at the ‘Shooters’ Night’ event in December, and that former Chairman Shin ⁣promised to sell his real estate to add some of the prize money. However, if former Chairman Shin⁢ does not keep his promise,​ they will pay the prize money even if⁤ it means using the Federation Shooting Promotion Fund (1.65 billion won).

Rep. Jin also ⁣mentioned that the Korea Sports Promotion Foundation did not properly announce⁤ the new ‘failure’ criteria ⁢that⁢ were newly established during the process of selecting candidates for cycling athletes last​ year, resulting in⁤ three people being unfairly ⁤disqualified.

Additionally, there were suspicions that former Chairman Jeong Mo of the Korea Sports⁢ Council in Canada embezzled ⁢part of the airfare and other subsidies (7 million won)​ that were supposed to be paid to 54 participants in the 2022 ⁤National Sports Festival.

There ‍was also a report that a⁤ group of ⁣wrestlers from a ⁣middle school in ⁢Hwacheon-gun, ‌Gangwon-do, were drafted to a⁣ track and field competition ahead of their final exams, and‌ as a ‌result, six out of the eight wrestlers⁤ failed to meet the minimum⁤ academic requirements‍ for ‌the final exams and were suspended from wrestling competitions for six months.

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