It has been revealed that the government's Youth Entrepreneurship Academy program, which helps young people who have start-up ideas but lack funds and information, is poorly operated.
It has actually been confirmed that applicants and brokers only make money without weaving and starting a business.
A woman in her 20s, Mo Lee, was selected as the target of support for the Youth Entrepreneurship Academy with a business plan made by a broker.
After that, the broker took over all the process of completing the education and receiving the subsidy.
The prototype was also faked by the company arranged by the broker, and when the Startup Military Academy paid the prototype production cost to the company, the commission was deducted and the money returned and shared with the broker.
Mr. Lee and the broker have already secured 30 million won in this way out of the 60 million won support deposit.
The Entrepreneurship Academy could not filter out brokers due to poor administration, such as submitting prototypes with photos and not filtering proxy attendance.
The police are expanding the investigation, believing that there will be more cases of fraudulent subsidies like Mr. Lee across the country.
(Photo = Captured from the website of the Young Entrepreneur Academy)