Corruption in the private and public sectors : the case of Korea | |
| Author | Lim, Sang Woo |
| Call Number | AIT RSPR no.SM-04-04 |
| Subject(s) | Public administration--Corrupt practices Private companies--Corrupt practices |
| Note | A research study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration, School of Management |
| Publisher | Asian Institute of Technology |
| Series Statement | Research studies project report ; no. SM-04-04 |
| Abstract | Eradicating conuption is not a matter of choice, but a matter of national survival in order for Korea to become way ahead of other competitors in the fierce and international markets, with the aim of accomplishing $20,000 of GDP per capita within several years. Although elimination of coITuption was pledged repetitively as new administrations inaugurated, corruption has not disappeared at all, but get even worse. Big conuption scandals mostly involving so-called social leaders such as presidents, politicians, highranking public officials and businessmen have been occurring again and again. So, this paper has analyzed why similar types of corruption scandals have been recurring in Korea based on several real corruption cases, and further analyzed how the Singaporean government has successfully expelled rampant conuption, resulting in listing Singapore one of the least corruption countries and one of the most businessfriendly countries in the world. This study has found that firm and strong will of the president himself armed with high level of morality and integrity is utmost crucial to defeat corruption. The study has also found that sufficient punishment through the strict law enforcement should be activated in order to play a significant role as a deteITent to corruption. Corruption occurs everywhere. No country is absolutely free from corruption. So, it is almost impossible to eliminate conuption one hundred percent. But it is possible to reduce conuption as can be seen in the fact that each country has a different level of corruption. Therefore, Korea can gain victory over the war with corruption with its sincere efforts. The Korean government should keep going in order to eradicate corruption because its future is quite dependent on it. |
| Year | 2004 |
| Corresponding Series Added Entry | Asian Institute of Technology. Research studies project report ; no. SM-04-04 |
| Type | Research Study Project Report (RSPR) |
| School | School of Management (SOM) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Master of Business Administration (MBA) (Publication code=SM) |
| Chairperson(s) | Tang, John C.S. |
| Examination Committee(s) | Dimmitt, Nicholas J.; Sununta Siengthai |
| Scholarship Donor(s) | The Government of Korea |
| Degree | Research report (M.Sc.) - Asian Institute of Technology, 2004 |