South Korea steel company seen challenging gov't anti-corruption drive

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POSCO, the biggest steel company in South Korea, has decided to hire a veteran industrial bureaucrat to handle its relations with the government, a move seen as challenging President Park Geun-hye's anti-corruption drive of banning ranking state officials from working for major companies after retirement. The Ministry of Security and Public Administration (MOSPA), which is responsible for implementing the anti-corruption measure, reportedly gave the bureaucrat the green light to work at the country's biggest steel maker. The official, who recently retired as director at the Ministry of Trade, Industry and Energy, cleared MOSPA's examination on the ethical appropriateness of his move to POSCO.

Read the story by Park Si-soo in The Korea Times.

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