A government agency set up by ousted President Park Geun-hye to help the domestic medical institutions’ advances abroad remains a subsidy-grubbing machine with little, if any, performances to show over the past five years.

Korea Medical Holdings (KMH), created by former President Park to spread “medical hallyu,” reported the revenue of 61 million won ($53,678) as of this month, falling short of even its CEO’s annual salary of 75 million won, according to Rep. Ki Dong-min of the ruling Democratic Party.

KMH recorded poor performance over the past five years with “nonexistent” results. Out of the 15 memoranda of understandings (MOU) signed with foreign institutions, 14 are no longer valid, Ki said. The MOUs were abandoned due to “funding difficulties, lack of willingness to pursue, and lack of companies interested in Korea,” among others, the lawmaker noted.

The organization had come under fire even during the Park administration for its “poor performance” and “overlapping administrative turfs with existing organizations,” the lawmaker added. The administration responded to criticism by designating it as a “specialized public agency” in 2015, making it a public holding company, but saw no improvements.

Subsidies of up to 1.1 billion won were funneled into the organization each year, but it “failed to do anything it was intended for,” according to Rep. Ki who is on the Health and Welfare Committee of the National Assembly.

Poor performance continued year-on-year with zero business projects completed from 2013 to 2017. Total revenue from 2013 to this year amounted to 873.5 million won (excluding subsidies), roughly translating to less than 200 million won annually. The annual labor cost of the agency is 411 million won.

And the organization had nothing to show for it, despite the Ministry of Health and Welfare’s initial touting that the institution’s medical tourism projects would “earn 2.3 trillion won over five years.”

The organization has become the elephant in the room at the annual audit on the ministry, Rep. Ki said.