Ginseng sets, lavish meals off limits in S Korea graft crackdown
Seoul
LAVISH free meals, rounds of golf and expensive gifts of beef and ginseng will soon be off-limits for civil servants, teachers and journalists in South Korea under a law aimed at clamping down on graft that has long been pervasive in professional life.
The anti-corruption law that takes effect next month imposes spending limits on entertainment and gifts, curbing a tradition of hospitality that many restaurants, retailers and farmers worry will deal a blow to business. "It's making it illegal for those who have the money and are willing to pay more. This is nonsense," Yoo Byoung-hee, 45, a cattle breede…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Australia wants businesses to diversify after China scraps wine tariffs
Japan drugmaker reports two more deaths in supplement scare
Chanel flap bag now costs more than 10,000 euros in Paris
Florida governor, Disney reach settlement in lawsuit over special district
Kobayashi Pharma ordered to recall red yeast rice pills after 2 deaths
Second Chance Properties H1 profit falls 52.8% to S$4.3 million