Traditionally known as an economic “Asian tiger,” South Korea may now be an anti-corruption tiger. It’s landmark Kim Young Ran Act, and the aggressive enforcement actions of the last year, distinguish the country as a leader in the global anti-corruption movement.… Continue Reading
Friday’s conviction of Lee Jae-yong, the de facto head of South Korea’s flagship Samsung conglomerate, marked yet another dramatic step in the country’s anti-corruption revolution.
The third-generation leader of Samsung, Mr.… Continue Reading
In the midst of Korea’s influence-peddling scandal involving President Park, her close associates, and chaebols (family run conglomerates such as Samsung and Hyundai), the country enacted a new anti-corruption law criminalizing graft and solicitation without the need to prove the bribe payer expected anything in return.… Continue Reading
The Korean National Assembly agreed this month to impeach President Park Geun-hye based on the influence-peddling scandal of her confidante, Soon-sil Choi.
The main issue was whether the South Korean chaebols — family-owned conglomerates such as Samsung, Hyundai and LG — were buying influence or preferential treatment from the Park administration by providing financial benefits to Choi and her daughter.… Continue Reading