Transparency – the beginning of anti-corruption in the defense industry
Transparency – the beginning of anti-corruption in the defense industry Article by Kwak Geul, Senior Researcher, UN Global Compact Network Korea What is the first thing that comes to mind when you think about the defense industry? The state-of-the-art technology that will be responsible for national security andRead More →
Anti-Corruption Index in the Defense Industry and Recommendation
Anti-Corruption Index in the Defense Industry and Recommendation You Han-Beom, Board Member, TI-Korea Recognizing the problems of the corruptive practices in the defense industry The defense industry has a high risk of corruption due to its huge size and high level of secrecy in the decision-making process. Transparency InternationalRead More →
Very Bottom of G20’s Beneficial Ownership Transparency
Very Bottom of G20’s Beneficial Ownership Transparency Sanghak Lee (Transparency International Korea) South Korea ranks last among the G20 countries and G20 guest countries on beneficial ownership transparency level based on the research conducted by Transparency International. Transparency International’s research measures the extent to which the G20 countries implementedRead More →
Proper conditions should be established to handle money laundering activities
Proper conditions should be established to handle money laundering activities Jung Duck-Bong (Vice President, Korea Financial Industry Union) TI-Korea: Could you please give us your assessment of the meaning and results of beneficial ownership verification policy by the financial institutions. Jung Duck-Bong: I fully agree with the need toRead More →
Government should collect and manage BO information
The government should collect and manage the BO information Ji-yeal Chung (KEB Hana Bank) TI-Korea: Where do you think the relevance of Beneficial Ownership Transparency is situated? Chung Ji-yeal: The beneficial owner (defined as the real owner in Korea’s specific financial information law) of the ‘Blue K’ company, in theRead More →
Climate Finance Transparency OGP Draft Concept Note
Climate Finance Transparency OGP Draft Concept Note Commitment Title: Developing Climate Finance Tool for Transparency and Civic Participation Background of the Proposal: Financial resources intended for mitigation and adaptation actions must be managed effectively and with full accountability. Thus South Korea, as a signatory of the Paris Agreement,Read More →
Death of “Mr Clean”, Rep. Roe Hoe Chan
Death of “Mr Clean”, Rep. Roe Hoe Chan by: Jay Lee Rep. Roh Hoe-chan of the opposition Justice Party, who was being probed over a bribery scandal was found deceased in Jung-gu, Seoul, Monday (July 23). He was 61. According to police, Roh was found lying dead by an apartment securityRead More →
Korea Defense Industry – Road to Integrity Society Forum
Road to Integrity Society Forum By Ellyn Lewis On Friday, July 6th2018, Transparency International-Korea in conjunction with the Korea Defense Industry Association held its Business Integrity Luncheon forum with the theme “Road to Integrity Society.” The meeting was attended by many persons from various sectors of society including Parliament, CivilRead More →
Interview with a Business Correspondent
“Society must recognize that corrupt companies are not sustainable and seriously threaten democracy in Korea” Corruption can damage reputation, lead to the loss of contracts and result in lawsuits. It is detrimental to innovation, entrepreneurship and economic stability. Corporate transparency, on the other hand, can improve productivity, employee moraleRead More →
Analysis Of South Korea’s CPI Result
“South Korea’s CPI result is a shame for the nation” Analysis by Lee Sang-Hak (Board Member, Transparency International-Korea) According to the 2017 Corruption Perceptions Index (CPI) results which show the international ranking of corruption levels in various countries, Korea ranked 51st out of 180 countries, which isRead More →
Interview with CPI-Analyst
‘Rules that are not enforced are useless’ The recently published 2017 Corruption Perception Index has placed Korea at 51st position, just a few places above Italy but below Spain. Because of this ranking, the government has started an initiative to improve Korea’s position from 51st to 20th. We recentlyRead More →