The Ministry of Education is launching a financial audit of Hanyang University amid allegations of deteriorating financial conditions linked to the founding family.
According to the ministry on Saturday, its audit office will conduct a financial audit of the budget and accounting operations of Hanyang Academy, the school foundation, and Hanyang University from Dec. 11 to 22. The notice is currently posted on Hanyang University's official website. ★See pages 1 and 2 of this newspaper's Dec. 4, 2025 edition.
The ministry plans to receive tip-offs related to the financial audit until Dec. 11. Through the notice on Hanyang University's official website, the ministry said, "If there are any reports of irregularities related to the financial audit (supporting and verifying materials must be included), please submit them via email by the audit start date." It added, "Irregularities should be reported within the audit scope (March 2023 to the current audit date in 2026) by the audit start date."
Hanyang Academy had earlier faced speculation over the potential sale of core assets due to liquidity problems. The starting point of Hanyang Academy's financial burden emerged as guarantees provided in real estate project financing (PF) projects involving its affiliates became problematic. Affiliated companies, including Hanyang Industrial Development, provided credit enhancement and joint guarantees for several PF projects, and as the burden of these guarantees shifted to the parent entity, it began to affect the foundation's financial structure.
