Photo Credit: Panarmenian On February 5, Samsung’s Jae-yong Lee, vice-chairman and the heir to Samsung, was released on probation by an appellate court, avoiding a five-year prison sentence handed down from a previous ruling. The court could not find any “evidence of typical government-business corruption”, but instead ruled that Samsung was a political victim of… Read More
Photo Credit: Wikipedia Business associations, as advocates for the private sector, play important roles in promoting good governance and sound policy-making, maintaining the private sector as the engine of economic growth, and helping create an open society and transparent government. However, recently, the Federation of Korean Industries (FKI), one of Korea’s five largest business associations,… Read More
Photo Credit: Creative Commons Seoul has been a site of massive protests following the revelations of President Park Geun-hye’s controversial ties to her friend, Choi Soon-sil, accused of trying to extort Korean companies and using undue influence to solicit business donations for a non-profit fund she controlled. This rather bizarre corruption scandal has brought renewed… Read More