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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Global Contagion Report: SLS Group

Country: South Korea

Company Involved: SLS Group

Industry: Industrials

Industry Subsector: Marine Transportation

Official Involved: Shin Jae-min, former vice culture minister

Enforcement Action: Judgment

Summary: The Supreme Court sentenced Shin Jae-min to three and a half years for receiving about 117 million won ($103,700) worth of kickbacks from chairman of SLS Group Lee Kuk-chul. Prosecutors said Shin assisted SLS in avoiding a debt workout program between 2008 and 2009. The top court also upheld fines levied against Shin by a lower court.

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