Korea Herald: Higher Fines For Corrupt Officials
|June 23, 2014||Posted by Staff under Editorials|
This 2014 excerpt of the Korea Herald, Jun 5, is by the editors.
Following the Sewol ferry tragedy, uprooting the so-called “bureaucratic mafia” has emerged as an urgent national task. Last month, President Park Geun-hye unveiled plans to prevent retired public officials from pursuing rent-seeking in cahoots with officials on active duty.
While all government agencies are supposed to join this drive, the ethics committee of the executive branch approved the employment of a former director-general of the Ministry of Trade, Industry and Energy at the steelmaking company POSCO. He had been retired for less than two months.
Under the Public Service Ethics Act, high-ranking public officials cannot land a job for two years after retirement with private companies closely connected with the business of the departments to which they belonged for five years before retirement.
The corrupt symbiosis between incumbent and retired public officials is pervasive and deeply entrenched. The government should toughen the penalties for those who breach it.
Currently, retired officials who find jobs at companies in violation of the law are subject to imprisonment for up to a year or a maximum penalty of 10 million won. But the severest punishment meted out so far was a penalty of 4 million won. This is nothing more than a slap on the wrist for officials who make several hundreds of millions of won per year.
Ed. Notes: A more thorough and effective reform — that is, radical — is to quit letting politicians decide how to spend public money. Limit their spending to police and military. But for infrastructure, social programs, and corporate welfare, forget it. Abolish spending on the rich. Pay citizens a dividend, enabling them to hire teachers and doctors. And sell geo-bonds to fund any newly needed road or bridge, etc. If politicians and bureaucrats can no longer stick their sticky fingers into the public till, then no lobbyist or business will try to bribe them. Problem solved.