whistleblowing Archives | Be Korea-savvy

South Korean Workers Have Low Views on Whistleblowing Effectiveness

SEOUL, May 26 (Korea Bizwire) – South Korean workers have generally negative views about internal whistleblowing, convinced that their companies’ anti-fraud measures are not effective and not fully enforced, a survey showed Friday. According to the Asia-Pacific Fraud Survey 2017 published by consulting firm EY, 61 percent of South Korea’s employees said they won’t use [...]

Increase in Whistleblower Compensation Helps Collection of Tax Penalties

SEOUL, March 10 (Korea Bizwire) – Thanks to the increased tip-offs on tax evasion, the national tax service was able to collect and additional 1.5 trillion won (US$1.33 billion) last year. Also, it imposed 240 billion won in taxes thanks to borrowed-name bank account reports during the year. The National Tax Service announced on March [...]