Country: South Korea
Company Involved: SLS Group
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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