South Korea has passed a law that curtails the amount of money that can be spent on gifts for public servants
The South Korean government has recently passed a graft law that limits the amount of money that can be spent on dining and gifting of public servants.
According to The Financial Times, the Improper Solicitation and Graft Act, also called the “Kim Young-ran law” after the judge who drafted it, takes effect on 28th September, 2016.
The passing of this law, which applies to about 4m people including civil servants, journalists and school teachers, hopes to curb corruption by limiting the wining and dining of public servants.
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It prohibits public employees from accepting meals worth more than Won 30,000, gifts more than Won 50,000 or condolence payments of more than Won 100,000.
In South Korea, gift giving and entertaining are considered important in business as well as social dealings. The law has drawn some opposing reactions with concerns that it might have a negative impact on consumerism as well as on social interactions.
There is an ongoing fight against corruption in all of Southeast Asia. In 2007, a Los Angeles couple was arrested in Thailand for paying up to$1.7 million in bribes to a Thai government official in order to gain control of the Bangkok International Film Festival.
Currently, several cases of alleged corruption by politicians and government officials including ex-premier Yingluck Shinawatra and the current Prime Minister Prayut Chan-o-cha’s younger brother and family are being investigated.
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