Former South Korea President Park Geun-Hye was formally charged with bribery Monday, a month after being removed from office.
Entries in South Korea (57)
South Korea's Constitutional Court unanimously ruled Friday that impeached President Park Geun-hye should be removed from office.
Lee Jae-yong, the vice chairman of Samsung Group, was arrested and jailed Friday in Seoul on bribery charges.
The brother and nephew of former United Nations Secretary-General Ban Ki-moon were charged Tuesday with FCPA and other offenses in connection with the planned $800 million sale of Vietnam's tallest building.
The Korean National Assembly agreed this month to impeach President Park Geun-hye based on the influence-peddling scandal of her confidante, Soon-sil Choi.
One of South Korea's top executives was found dead on a walking trail Friday morning in Gyeonggi Province in an apparent suicide.
We've talked about South Korea's foreign bribery laws and we looked at specific compliance risks related to gift giving, rebates, and kickbacks. In this post we'll look at enforcement actions in South Korea and what specific steps can reduce compliance risks there.
It is customary to send gifts and make cash donations in the regular course of business in South Korea. Exchanging gifts is a deeply rooted custom in Korean society, and this practice has historically been the source of various compliance issues for multinational companies operating in South Korea.
South Korea has adopted the Foreign Bribery Prevention in International Business Transactions Act (FBPA), pursuant to its adherence to the Organization for Economic Co-operation and Development (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.
The Department of Justice returned $1.1 million in forfeited assets to the government of the Republic of Korea Monday.
So far, the federal government and 28 U.S. states have opened investigations into VW's emission test cheating. Other countries investigating VW or its former CEO include South Korea, Switzerland, France, Italy, and Germany.
Kolon Industries Inc. pleaded guilty Friday in federal court in Alexandria, Virginia to conspiracy to steal trade secrets involving E.I. DuPont de Nemours & Co.’s Kevlar technology.