SEOUL, April 13 (Korea Bizwire) — A renowned former Supreme Court justice has called on South Korea to acknowledge its involvement in the Vietnam War. Kim Young-ran, who proposed the Kim Young-ran Act, a self-titled anti-graft bill, said, “I want to prove that our country can acknowledge its own wrongdoings and is more than capable of [...]
SEOUL. Oct. 24 (Korea Bizwire) — Seven out of 10 South Korean companies said the Kim Young-ran anti-graft law that took effect last year has helped them cut costs and improve transparency, a business lobby said Tuesday. In a recent survey of 300 domestic companies, 74 percent of the respondents said the business environments have [...]
SEOUL, Sept. 28 (Korea Bizwire) – Amid controversy and doubt, Korea’s new anti-graft law finally went into effect on Wednesday. The law makes it illegal for public officials, journalists, and private school faculty members (and their spouses) to accept meals priced higher than 30,000 won (US$27), gifts exceeding 50,000 won, and congratulatory and condolence money [...]
SEOUL, Aug. 3 (Korea Bizwire) – Golf is an expensive sport to learn in Korea, and although the sport has become more affordable and accessible to ordinary individuals with a rising number of indoor screen golf ranges, the common perception is still that golf is a luxury sport. This is also why it’s a ‘reception [...]
“It’s regrettable that the law regressed from its original draft. The original draft included three key elements of banning unjust business favors and bribe taking and preventing public officials from pursuing private benefits in handling their given work. But the last element was omitted from the final law.” “I think we can’t just criticize this [...]