2016 a local cosmetics company that sought2016 a local cosmetics company that sought

2016 and 2017 South Korea saw many cases of corruption and scandals in both the government and major companies. Anti-corruption legislation must be enforced in South Korea as she ranks at an all time high of 52 out of 176 countries in the corruption perceptions index.In 2016, began the start of a huge corruption scandal involving its political and business elite that brought down its first female president Park Geun-hye. It has centred on Park’s relationship with an old friend, Choi Soon-sil, and brought to the surface various allegations. Park was accused of abusing her power and colluding with Choi to pressure conglomerates such as Samsung into paying tens of millions of dollars in bribes in return for business favours. Park was also blamed for allowing Choi who had no official position to have her hands on many confidential government documents as well as intervene in state affairs. These scandals has caused Park’s reputation to go down the drain and led to a very angered public pushing for her impeachment.Another significant large-scaled scandal involves South Korea’s largest family-controlled conglomerate – Lotte. Lotte, a household name in South Korea, runs hotels, shopping malls, movie theaters, apartment buildings and burger joints across the country. The chairman of Lotte, Shin Dong-bin and several relatives of his were indicted, with the family accused of evading $76 million in taxes and costing the company $165 million through embezzlement. Shin Young-ja, the sister of the Lotte chairman, was also arrested on charges of accepting bribes of $3.1 million from a local cosmetics company that sought access to Lotte duty-free outlets. While the the Shin family trial is unfolding, President Park Geun-hye was impeached where Shin Dong-bin has had to answer allegations that Lotte gave bribes to foundations controlled by Choi Soon-sil. These scandals have caused public uproar as the public shows their displeasure. Hundred of thousands of South Koreans have held protests in Seoul over the impeachment of Park Geun-hye. Police had issued the highest level of emergency order possible in Seoul and this became the largest demonstration known to South Korea as protestors take to the streets every week.