Corporate Korea braces for change over anti-corruption law
27 Sep 2016

The nation’s deeply rooted business entertaining culture is expected to go through a major change with the enforcement of the anti-corruption law on Wednesday, amid mixed prospects of its impact on the economy and its role of building a transparent society.

Expectation is high for the power of the law, known as the Kim Young-ran Act, in eradicating behind-the-door ties between public officials and business people, and also in spreading the virtue of establishing an equal relationship by splitting the check.

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