The Harmful Effects Of Corruption In South Korea

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Corruption affects us all as a group of people. It threatens steady and sustainable economic development in a country, ethical values and the justice system. Corruption tends to destabilize the society and endangers the rule of law. For a democratic country, it undermines the institutions and values of the democracy the government and the people practice. With poor people benefiting more from public policies and public resources, they tend to suffer more from the harmful effects of a corrupt government. According to the 2014, corruption perception index which ranks countries by their perceived corruption level determined by expert assessments and opinions, South Korea was ranked 43rd most corrupt country in the world and the third most corrupt …show more content…
This is due to the fact that in past governments and regimes, there has been one form of political scandal or the other. Corruption is so widespread that South Korea recently enacted an extremely tough anti-graft law to combat the issue of corruption and embezzlement among government officials. Considering past scandals of the last three presidents of South Korea, it has come as no surprise on the current scandal going on in the country. Lee Myung-bak (president from 2008-2013) got involved in a corruption scandal between his family and political associates. The scandal revolved around bribery. Lee was forced to apologize publicly and he was also questioned on the issue of stock manipulation. Roh Moo-hyun (president from 2003-2008) was also involved in a family corruption scandal. He was forced to apologize and later on committed suicide over the issue. Kim Dae-Jung (president from 1998-2003), we now know, effectively bribed Kim Jong-il to participate in the “Sunshine” process with a cash payment of $500 …show more content…
The country as a whole participates with other countries in trade, security, aide. The current scandal might be a disadvantage for the country in the sense that other countries of the world might find it difficult to negotiate with the country or share sensitive information with the country. The scandal has cast a lot of doubt in the mind of leaders of other nations because they will rather protect their own country than share information with no idea on whether or not it will be kept private. The scandal will also come as a disadvantage to South Korea in the country’s membership in international organizations. There has been a continuous trend of corrupt practices in the country over the last couple of regimes. There will be a doubt on whether issues and information shared on the international front can be protected or shared like other information that President Park has failed to keep a secret. Nations seek to build trust among their country and other countries because it helps in time of need and trade. South Korea might face a drop in the economy for a period of time. This will develop from the fact that countries might find it difficult to trade with South Korea. Past relationships with countries might be destroyed because it is not clear whether or not President Park, made past decisions and policies on her own or if Ms. Choi, had a say in policies. It will take a level of reassurance and trust building between South

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