The National Assembly is expected to receive a bill for approval within this month, as part of accelerated efforts made by the government and the ruling party, to punish commercial bank CEOs if their companies are caught committing financial crimes, according to political and financial sources, Sunday.
Opposition leader Lee Jae-myung on Friday ordered an ethics inspection of fellow lawmaker Kim Nam-kuk over his suspected cryptocurrency transaction during parliamentary meetings, a.
LH scandal reignites move for bill to prevent conflicts of interest
Posted : 2021-03-12 17:13
Updated : 2021-03-14 15:31 Police investigators carry boxes containing confiscated items during their search of a regional office of the state-run Korea Land and Housing Corporation (LH) in Gwacheon, Gyeonggi Province, March 9. Yonhap
By Bahk Eun-ji
The alleged speculative land purchases by employees at the Korea Land and Housing Corporation (LH) have reignited talks on the need for a law preventing public officials from being tasked with projects where there could be a conflict of interest.
While legislative moves for such a regulation have not progressed in nearly a decade, the chances for the passage of a bill about such a ban seem high this time, as public anger has reached a peak regarding one of the most sensitive issues in the country ― real estate.