» Business

40% in business believe Korea is corrupt

Publication Date : 22-10-2012


Four in 10 domestic businesspeople believe that Korean society is corrupt, mostly due to the country’s political system.

According to a survey of 700 Korean businesspeople and 250 from foreign-invested companies by the Anti-Corruption & Civil Rights Commission, almost 40 per cent of Koreans also think public servants are corrupt. About 12 per cent of foreigners said likewise.

Civic groups were chosen by the majority from both the surveyed groups to be the “cleanest” organisations in the country.

More than 13 per cent of Koreans and 5 per cent of foreigners confessed that they had directly or indirectly experienced corruption. Just over 1 per cent from both groups said that they had been forced to give kickbacks in Korea.

The major reasons attributed for corruption were politics and lack of ethics.

The groups said that the country should audit high-ranking societal leaders and public servants, as well as strengthen rules and penalties to completely root out malpractices.


Mobile Apps Newsletters ANN on You Tube