All about South Korea => Korea Newsroom => Topic started by: confusedsafferinkorea on September 27, 2014, 03:56:47 pm

Title: Crime pays
Post by: confusedsafferinkorea on September 27, 2014, 03:56:47 pm
Alrighty then........


Most Koreans know the Park Geun-hye administration's chaebol policy started off with a bang but ended with a whimper. Almost all regulations on family-controlled conglomerates have gone with the sole exception of President Park's "zero-tolerance" policy against law-breaking tycoons. That last bastion of her chaebol-control scheme is now about to crumble.

Justice Minister Hwang Kyo-an, commenting on paroling and pardoning chaebol owners in jail, said Wednesday, "It will not be necessary to deliberately block such possibilities if they can help economic recovery."

We are dumbfounded to see that none other than the nation's justice minister is willing to compromise strict law enforcement for economic reasons.

Finance Minister Choi Kyung-hwan gave his "wholehearted consent" to the justice minister while voicing his opposition to "unduly harsh" law enforcement on corporate bigwigs. "Keeping business magnates in prison hinders their groups making swift investment decisions," said the economic czar of President Park. In other words, this government, too, is ready to exchange law enforcement (justice) with business investment (money).

It is interesting to see two of Park's closest confidants make comments running squarely counter to their boss' pronounced policy of not forgiving big business owners' corporate crimes since her days as a presidential candidate.

Cheong Wa Dae has remained silent about the two ministers' remarks made while President Park was abroad. Based on past experiences, however, their acts must have been on cue from the Blue House or done with prior approval of the President. That means Park is following in the footsteps of her predecessors, who came out strongly against the corporate behemoths in earlier days but later came to terms with their owners who hold sway over the national economy.

The presidential office might be making political calculations about the best timing: pardoning some of the nation's wealthiest people may not be a good idea at a time when the public is seething with the government's decision to raise the tobacco and residence taxes, the so-called ordinary people's taxes.

President Park and her office had better drop the whole idea. It was none other than candidate Park who stressed the need for harshly punishing top managers of giant business groups who commit crimes such as breach of trust, embezzlement and tax avoidance out of personal greed, because they seriously damage the national economy and working people's lives. Besides, history shows the freeing of convicted tycoons is of little help for economic recovery as they have already failed to keep promises.

In short, special pardons for corporate heads did not help the economy much, but only deepened a sense of incompatibility among the public, especially the younger generations, that money is everything and can even buy the bending of the law.

It is long past time for the nation to enact a law that restricts presidential right to give special pardons, which have become not only ugly but risky.

Koreans must be wondering when ― or whether ― they will be able to have a government that does not compromise long-term justice for short-term policy objectives.

Title: Re: Crime pays
Post by: oatmealkooky on September 27, 2014, 06:51:53 pm
One of the keys to understanding modern South Korea is knowing that Koreans will almost always choose money over morals, justice, humanity and human kindness. The Korean government has always had at its core a drive to promote and apologize for industry and financial development. It trickles down to the man on the street, who will insist that charity makes starving children helpless losers and consideration makes himself a castrated chump.
Title: Re: Crime pays
Post by: William George on September 27, 2014, 09:11:18 pm
Dick Cheney has shown us that even war crimes pay out. So now you all have a goal to strive for once you return to your home countries.
Title: Re: Crime pays
Post by: CanineKimchi on September 27, 2014, 10:28:49 pm
Money makes the world go round. It's the one thing everyone wants
Title: Re: Crime pays
Post by: Archeon on September 29, 2014, 08:07:56 am
gotta love capitalism.
Title: Re: Crime pays
Post by: Foreverparadise on September 29, 2014, 08:31:32 am
A country that puts money over humanity is a country where evil is highly saturated.
Title: Re: Crime pays
Post by: YoungMin on September 29, 2014, 08:48:11 am
Title: Re: Crime pays
Post by: Archeon on September 29, 2014, 02:00:12 pm
A country that puts money over humanity is a country where evil is highly saturated.

I agree.

I suppose that is why at its core the U.S.A. is highly saturated in evil.
Title: Re: Crime pays
Post by: cereal killer on September 30, 2014, 01:42:24 am
Crime Pays...(boom boom)..yeah, yeah...Crime pays. ;D
Title: Re: Crime pays
Post by: weigookin74 on October 22, 2014, 12:52:42 pm
It seems as though in Korea, but also increasingly in America, big companies reign supreme.  The government gets into bed with them so that we no longer have true capitalism.  They block and bend the rules in their favor instead of all being equal before the law and all companies small and large having equal opportunity for success (though not outcome of course). 

What the powers that be should be doing is putting the crooks in jail and let those underneath them who didn't dirty their hands or only did in a minor way move up the ranks and take over.  Let the government do it's utmost to encourage true competition, block monopolies, make it easier for small businesses to start up without constantly auditing them, harassing them if they buy too many foriegn things, and letting large companies stifle or muscle in on them.  Have least regulations necessary; just enough to protect consumers and prevent banks from making stupid subprime loans.  Keep taxes low and make large companies play by the same rules as everyone else. 

What is needed is true capitalism and "real" competition.  Korea's economy has been stalled for a long time and the reported unemployment rates are incorrectly reported.  The employment rate here is actually quite a bit lower than in North America.  Let the economy grow without cushioning monopolies and restricting smaller and medium sized businesses.