Saturday, June 10, 2006

Korea and White Collar Crime

According to the Atlanta Journal Constitution here, Korean prosecutors continue to proceed against Hyundai's chairman, with additional charges being added in an alleged bribery scheme.   Korean prosecutors, however, have decided not to proceed against the chair person's son, who is the president of Kia Motors. 

Two things are important here.  First is that prosecutors in Korea are not using a child to secure a conviction against a parent, but rather are looking hard at the evidence and judging it to see who in fact is really the culpable individual.  Korean prosecutors should be applauded for this.

Second is that there is a decision made by the Korean prosecutors, that has become public, that the government will not be proceeding against someone (in this case the President of Kia Motors).  In the United States, individuals are often left in limbo not knowing if they continue to be a target of an investigation, or if they are in fact no longer under scrutiny.  Again, Korean prosecutors should be applauded for letting people know that they are no longer being considered for indictment.


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