Bribery and corruption

Korea making notable progress on fighting foreign bribery; further improvements needed, says OECD

 

19/10/2011 - Korea has improved its information and intelligence gathering capacity in foreign bribery cases, but should be more proactive in investigating allegations, according to a new OECD report.

Korea has successfully prosecuted nine foreign bribery cases since 2002; most of them involved the bribery of foreign military staff on Korean soil. Korea is currently prosecuting a new case and working on three new allegations – all of which took place abroad.

The OECD Working Group on Bribery has just completed its report on Korea’s application of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and related instruments.

The Working Group also recommends that Korea:

  • Preserve transnational bribery case records for a reasonable period to allow for full reporting on those cases to the Working Group;
  • Ensure that sanctions imposed on individuals and companies for foreign bribery are effective, proportionate and dissuasive, and that the bribe and the proceeds of foreign bribery are confiscated where possible;
  • Facilitate reporting by tax authorities of suspicions of foreign bribery uncovered during tax audits; and
  • Enhance the prevention and detection of foreign bribery by encouraging all Korean companies, including SMEs, to adopt adequate internal controls, ethics and compliance programmes.

Korea’s public procurement and official export credit agencies can now debar companies convicted of bribing foreign public officials, the report said. A new whistleblower law that protects both public and private sector employees who report foreign bribery should also increase detection.

The Working Group on Bribery – composed of the 34 OECD Member countries plus Argentina, Brazil, Bulgaria, Russia and South Africa – adopted Korea’s report in its third phase of monitoring implementation of the OECD Anti-Bribery Convention.

The Report, available at www.oecd.org/daf/nocorruption, lists all the recommendations of the Working Group to Korea on page 36, and includes an overview of recent enforcement actions and specific legal, policy and institutional features of Korea’s anti-foreign bribery framework. As with other Working Group members, Korea will submit an oral report to the Working Group on its implementation of certain recommendations within one year, and a written report within two years on steps it has taken to implement all recommendations. This report will also be made publicly available.

For further information, journalists are invited to contact Mary Crane-Charef, OECD Anti-Corruption Division Communications Officer; tel. : (33) 1 45 24 97 04.

For more information on OECD’s work to fight corruption, please visit www.oecd.org/daf/nocorruption

 

 

 

Countries list

  • Afghanistan
  • Albania
  • Algeria
  • Andorra
  • Angola
  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahamas
  • Bahrain
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Bolivia
  • Bosnia and Herzegovina
  • Botswana
  • Brazil
  • Brunei Darussalam
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Cape Verde
  • Cayman Islands
  • Central African Republic
  • Chad
  • Chile
  • China (People’s Republic of)
  • Chinese Taipei
  • Colombia
  • Comoros
  • Congo
  • Cook Islands
  • Costa Rica
  • Croatia
  • Cuba
  • Cyprus
  • Czech Republic
  • Côte d'Ivoire
  • Democratic People's Republic of Korea
  • Democratic Republic of the Congo
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Ethiopia
  • European Union
  • Faeroe Islands
  • Fiji
  • Finland
  • Former Yugoslav Republic of Macedonia (FYROM)
  • France
  • French Guiana
  • Gabon
  • Gambia
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Greenland
  • Grenada
  • Guatemala
  • Guernsey
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Honduras
  • Hong Kong, China
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iraq
  • Ireland
  • Islamic Republic of Iran
  • Isle of Man
  • Israel
  • Italy
  • Jamaica
  • Japan
  • Jersey
  • Jordan
  • Kazakhstan
  • Kenya
  • Kiribati
  • Korea
  • Kuwait
  • Kyrgyzstan
  • Lao People's Democratic Republic
  • Latvia
  • Lebanon
  • Lesotho
  • Liberia
  • Libya
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macao (China)
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Mauritania
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia (Federated States of)
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Myanmar
  • Namibia
  • Nauru
  • Nepal
  • Netherlands
  • Netherlands Antilles
  • New Zealand
  • Nicaragua
  • Niger
  • Nigeria
  • Niue
  • Norway
  • Oman
  • Pakistan
  • Palau
  • Palestinian Administered Areas
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Romania
  • Russian Federation
  • Rwanda
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Samoa
  • San Marino
  • Sao Tome and Principe
  • Saudi Arabia
  • Senegal
  • Serbia
  • Serbia and Montenegro (pre-June 2006)
  • Seychelles
  • Sierra Leone
  • Singapore
  • Slovak Republic
  • Slovenia
  • Solomon Islands
  • Somalia
  • South Africa
  • South Sudan
  • Spain
  • Sri Lanka
  • Sudan
  • Suriname
  • Swaziland
  • Sweden
  • Switzerland
  • Syrian Arab Republic
  • Tajikistan
  • Tanzania
  • Thailand
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • United States
  • United States Virgin Islands
  • Uruguay
  • Uzbekistan
  • Vanuatu
  • Venezuela
  • Vietnam
  • Virgin Islands (UK)
  • Wallis and Futuna Islands
  • Western Sahara
  • Yemen
  • Zambia
  • Zimbabwe