South Korea\’s government office is taking a second look at an anti-graft law, also known as the Kim Young-ran Law, to raise the cap on meals and entertainment expenses from 30,000 won ($22.82) to 50,000 won. Lee Do-Won, the spokesperson of the president\’s office, stated that they are considering the economic measures in a special meeting to make up for the livelihood of the people. Under the law, individuals, including public servants, school teachers, and journalists, are currently subject to fines for spending more than 30,000 won on meals and entertainment. Lee stated that \”we are looking into whether economic measures can be taken in a special meeting related to the livelihood of people.\” As an improper request and graft act was revealed in September 2016, it is also a violation of the law if gifts or rewards exceeding 50,000 won or 100,000 won are exchanged between the parties involved. These principles are being revised as South Korea has experienced excessive spending in the current situation. According to statistics in South Korea, the indication of user prices has increased by 15 percent from 2016 to 2022 for the necessities of life. The Democratic Party of Korea\’s representative Kim Byung-wook had drawn up a second look in January 2022 to reduce the cap. This bill was named after the former judge of the Supreme Court Kim Keum, who was the head of the Anti-Corruption and Civil Rights Commission at that time. By Son Ji-hyoung (consnow@heraldcorp.com)
The South Korean government is currently reviewing an anti-graft law, commonly known as the Kim Young-ran Law, to raise the cap on meals and entertainment expenses from 30,000 won ($22.82) to 50,000 won. Lee Do-Won, the spokesperson of the president\’s office, said that the government is considering economic measures in a special meeting to improve people\’s livelihood. Under the law, individuals, including public servants, school teachers, and journalists, are subject to fines if they spend more than 30,000 won on meals and entertainment. Lee mentioned that they are looking into whether economic measures can be taken in a special meeting related to the livelihood of people. In addition, the law also prohibits exchanging gifts or rewards exceeding 50,000 won or 100,000 won between the parties involved. These principles are being revised as South Korea has experienced excessive spending in the current situation. According to statistics in South Korea, the indication of user prices has increased by 15 percent from 2016 to 2022 for the necessities of life. The Democratic Party of Korea\’s representative Kim Byung-wook had proposed a second look in January 2022 to reduce the cap. This bill was named after the former judge of the Supreme Court Kim Keum, who was the head of the Anti-Corruption and Civil Rights Commission at that time.
The South Korean government is currently reviewing an anti-graft law to raise the cap on meals and entertainment expenses from 30,000 won ($22.82) to 50,000 won. The revised law will help to improve people\’s livelihood and prevent exchanging gifts or rewards exceeding 50,000 won or 100,000 won between the parties involved. According to statistics in South Korea, user prices have increased by 15 percent from 2016 to 2022 for the necessities of life, prompting the government to take action. The Democratic Party of Korea\’s representative Kim Byung-wook had proposed a second look in January 2022 to reduce the cap. This bill was named after the former judge of the Supreme Court Kim Keum, who was the head of the Anti-Corruption and Civil Rights Commission at that time. The government is currently considering economic measures in a special meeting to make up for the livelihood of the people.
South Korea is taking a second look at the Kim Young-ran Law to raise the cap on meals and entertainment expenses from 30,000 won ($22.82) to 50,000 won. This revised law is intended to improve people\’s livelihood and prevent exchanging gifts or rewards exceeding 50,000 won or 100,000 won between the parties involved. Statistics show that user prices have increased by 15 percent from 2016 to 2022 for the necessities of life, thus prompting the government to take action. The Democratic Party of Korea\’s representative Kim Byung-wook proposed a second look in January 2022 to reduce the cap. This bill was named after the former judge of the Supreme Court Kim Keum, who was the head of the Anti-Corruption and Civil Rights Commission at that time. The government is currently considering economic measures in a special meeting to make up for the livelihood of the people.
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