News & Analysis as of

Corruption South Korea

Whitcomb Selinsky, PC

Heon-Cheol Chi: Bribery of a Public Official

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Heon-Cheol Chi, a principal researcher and director at the Korea Institute of Geoscience and Mineral Resources (KIGAM), found himself entangled in a web of corruption and illegal activities. His actions violated not only the...more

Guidepost Solutions LLC

[Webinar] The World Bank Group and Other Multilateral Development Bank Investigations in the Post Covid Pandemic Era - June 7th,...

As the Covid pandemic appears to be subsiding worldwide, the World Bank Group and its affiliated multilateral development banks may be ramping up their investigations of sanctionable practices including corruption, fraud, and...more

World Law Group

2022 Anti-corruption Guide - South Korea

World Law Group on

1. Is your country a member of the OECD Anti-Bribery Convention? Yes. 2. Is your country a member of any other bilateral or multilateral conventions on anti-corruption? Yes, South Korea is a member of the United Nations...more

Morrison & Foerster LLP

Top 10 International Anti-Corruption Developments for August 2022

Designed for busy in-house counsel, compliance professionals, and anti-corruption lawyers, this newsletter summarizes some of the most important international anti-corruption law and case developments from the past month,...more

Lowenstein Sandler LLP

The First FCPA Resolution of 2022 Revisits Old Themes

Lowenstein Sandler LLP on

On February 17, 2022, KT Corporation (KT, formerly known as Korea Telecom) resolved a Foreign Corrupt Practices Act (FCPA) enforcement action with the Securities and Exchange Commission (SEC) related to corruption schemes in...more

The Volkov Law Group

KT Corp. Settles SEC FCPA Case for $6.3 Million (Part I of III)

The Volkov Law Group on

The SEC announced its first FCPA enforcement action in 2022. South Korean telecommunications company, KT Corporation, agreed to pay $6.3 million to settle FCPA violations.  As part of the settlement, KT Corp. agreed to pay...more

Latham & Watkins LLP

Korea Launches Powerful Anti-Corruption Investigative Body

Latham & Watkins LLP on

Companies with business operations in Korea should assess the risk of possible violations subject to the CIO’s jurisdiction. Gwon-lyeog-hyeong bi-li, a Korean phrase that translates as “power-type corruption” in English,...more

The Volkov Law Group

New Jersey Businessman Pleads Guilty to FCPA Violation

The Volkov Law Group on

In 2020, the Justice Department  brought criminal charges against 22 individuals in FCPA-related investigations.  While this was a decline from the two preceding years, COVID-19 had a dramatic impact on criminal FCPA...more

Polsinelli

DOJ’s False Claims Act Recoveries Rise to More Than $3 Billion in FY2019, With Continued Emphasis on Health Care Fraud Cases

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On January 9, 2020, the Civil Division of the U.S. Department of Justice (DOJ) announced that it recovered over $3 billion from civil False Claims Act (FCA) judgments and settlements in the fiscal year ending September 30,...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Markets proved that last Friday’s 600-point Dow drop wasn’t an isolated incident, as all major US indices were down nearly 4% (at least) in a nasty Monday of trading....more

Morrison & Foerster LLP

Top Ten International Anti-Corruption Developments for April 2017

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments from the past month, with links to primary...more

Morrison & Foerster LLP

Top Ten International Anti-Corruption Developments for March 2017

In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments from the past month, with links to primary...more

Robins Kaplan LLP

Your Daily Dose of Financial News

Robins Kaplan LLP on

A collection of corporate heavy hitters are betting big on the blockchain technology behind bitcoin rival Ethereum to build a computing system to track data and financial contracts. The project is seen by some as a way to...more

Planet Depos, LLC

All-Star Lineup Takes the Field for Korean Sports Arbitration Conference

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The bases were loaded in Seoul this week as some of the heaviest hitters in sports arbitration law mixed it up in anticipation of the 2018 PyeongChang Olympic Winter Games. In his opening remarks, Conference Chair Eun Young...more

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