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Prosecution seeks to root out corrupt ties between industry, regulators Updated: 2014-05-22 22:17:56 KST

  Prosecution seeks to root out corrupt ties between industry, regulators

The prosecution will soon set up 18 special investigation teams across the nation to root out corruption, with a focus of ending collusive ties between government officials and the industries they regulate.
The decision was made at an emergency meeting of senior state prosecutors Wednesday afternoon.
Prosecutor-General Kim Jin-tae said the district public prosecutors' offices will each form special teams charged with stamping out corruption involving civil servants.

"The probe must not stop with punishing individuals. We will root out the structural causes of corrupt ties between government and private institutions by changing the mindsets of bureaucrats."

The prosecution will crack down on collusive ties between bureaucrats and the industries and companies they regulate.
It's common for retired bureaucrats to be hired by companies and public institutions that expect them to pressure their former colleagues or subordinates to ignore corrupt or irregular practices at the organizations.
So-called parachute appointments, which allow public sector officials to get jobs in industries they were once charged with regulating, will also be under probe.

Institutions that are tasked with overseeing public infrastructure directly related to safety, including ships, railways and nuclear power plants, will be looked into with priority.

To clamp down on profits made through corrupt practices, prosecutors are proposing a law to confiscate hidden assets amassed by current or former civil servants through bribery and other illicit means.

After President Park Geun-hye apologized for the government's poor handling of last month's ferry disaster, which she blamed partly on corruption, prosecutors at the western port city of Inchon raided Lee In-soo a top official of the Incheon Port Authority.
Lee, a former board chairman of the Korea Shipping Association and a retired official of the oceans ministry, has been charged with embezzlement.
Connie Kim, Arirang News.
KOGL : Korea Open Government License
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