Research and analysis

South Korea - world anti-corruption day - action in south korea

Published 12 December 2014

This research and analysis was withdrawn on

This publication was archived on 4 July 2016

This article is no longer current. Please refer to Overseas Business Risk – South Korea

This publication was archived on 4 July 2016

This article is no longer current. Please refer to Overseas Business Risk – South Korea

Summary

Working in partnership with Korean government, strong UK delegation covers legislative and enforcement angles with Korean businesses, officials and business students. Widespread media coverage highlights UK leadership in combating corruption.

Detail

As part of our anti-corruption campaign (and Prosperity Fund project), a UK delegation visited Korea from 9-10 December. The delegation comprised Roderick Macauley, Criminal Law adviser at Ministry of Justice and lead on the UK Bribery Act, Martin Crago, National Crime Agency Regional Manager for East Asia, DC Peter Clark, a Financial Investigator in the Proceeds of Corruption Unit, New Scotland Yard, and Sam Bereket from the whistle-blowing charity Public Concern at Work.

The Korean government agency, Anti-Corruption and Civil Rights Commission (ACRC), as the Prosperity Fund project implementer, led the organisation of the first UK-Korea Anti-corruption Seminar. The seminar, on World Anti-Corruption Day, covered legislation, enforcement and whistleblower protection. The seminar attracted extensive media coverage, ensuring that key messages on the costs of corruption and the nuances of the UK Bribery Act were conveyed to an even wider audience than the 200 in the room.

The delegation also spoke to Korea University’s business school students building on our work with the University in translating the Bribery Act earlier in the year. A similarly well-attended UK alumni event overran due to the number and breadth of questions. . ###Comment

A visit that delivered effectively. The large audiences and extensive media coverage were testament to UK leadership in this field. . Although Korea moved up three places (46 to 43) in the Corruption Perception Index 2014, the overall score remained the same as last year.

Our partner organisation, the ACRC, has appreciated the support of the UK government and the opportunity to learn from UK best practice with two training visits to the UK this year. The result is a draft bill to be placed before the National Assembly on fraud (Bill on Prevention of False Claims on Public Finances).

Disclaimer

The purpose of the FCO Country Update(s) for Business (”the Report”) prepared by UK Trade & Investment (UKTI) is to provide information and related comment to help recipients form their own judgments about making business decisions as to whether to invest or operate in a particular country. The Report’s contents were believed (at the time that the Report was prepared) to be reliable, but no representations or warranties, express or implied, are made or given by UKTI or its parent Departments (the Foreign and Commonwealth Office (FCO) and the Department for Business, Innovation and Skills (BIS)) as to the accuracy of the Report, its completeness or its suitability for any purpose. In particular, none of the Report’s contents should be construed as advice or solicitation to purchase or sell securities, commodities or any other form of financial instrument. No liability is accepted by UKTI, the FCO or BIS for any loss or damage (whether consequential or otherwise) which may arise out of or in connection with the Report.