부정청탁 및 금품등 수수의 금지에 관한 법률 (aka 김영란법) is an unprecedented anti-corruption law (in South Korea) that will come into force on September 28, 2016. What you need to know:
- No one shall – directly or indirectly – ask a “public official/employee, etc.” (POEE) to carry out official work unlawfully. Meanwhile, it’s a crime for a POEE to oblige. POEEs are to report such requests (if repeated). FYI, the term “POEE” even includes all those working in private school + journalists!
- No POEE shall (promise to) accept or request money/things over 1 mil won (from any one person at any one time), or money/things over 3 mil won (from any one person during one fiscal year). Regardless of “relation to work” or “consideration.” (If work-related, any/all amounts are, in principle, forbidden.)
- The spouse of a POEE is also forbidden from requesting or accepting bribes. POEEs are required to report such incidents.
- For the more serious/egregious offenses, the punishment (under this law) is a prison sentence of 3 years (max) or a criminal fine of 30 mil won (max). For the less serious/egregious offenses, the punishment is an administrative fine of 30 mil won (max). A POEE (found guilty) will simultaneously face disciplinary action.
- Legal entities and/or employers can also face punishment if they are found to have been (grossly) negligent in their supervision!
This post is by no means complete or perfect. I will try to update!
To learn more about this law, please click here.