The following article appeared in the Korea Times on May 6, 2011. The National Assembly of Korea, recently, voted in favor of a bill that requires listed companies with large market capitalizations to establish independent compliance support offices. Business organizations strongly opposed the bill. The details of the system are not yet known, since many key aspects of the bill have been delegated to the president through an enforcement ordinance. The surface purpose of the bill is to improve companiesContinue reading
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