COMMENTARY: How to Improve Foreign Bribery Enforcement in Korea

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"South Korea was one of the first signatories to the OECD Anti-Bribery Convention in 1997, and in 1998 Korea enacted legislation – the Act on Preventing Bribery of Foreign Public Officials in International Business Transactions (Korean FBPA) – to implement the convention domestically. Yet while the US Foreign Corrupt Practices Act (FPCA), which served as a model for the Korean FBPA, has been actively enforced throughout the world, the Korean FBPA is significantly under-enforced, especially against corporate offenders."

Read the post by Jeena Kim, a lawyer with Bae, Kim & Lee LLC (Seoul), in the Global Anticorruption Blog. http://globalanticorruptionblog.com/2014/12/23/how-to-improve-foreign-bribery-enforcement-in-korea/

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