A division of Soft Landing Korea Ltd.
The US Foreign Corrupt Practices Act and similar laws of other countries are being more vigorously and widely applied than ever. Business professionals need to be aware of some surprising liabilities when dealing with both public and even private sectors.
It's important to recognize that the Korean legal system is based on a civil code and not on common law, which the British have developed since the time of the Magna Charta in the 13th century, and the Americans based on their Constitution. This means that in Korea there is less recourse beyond what is specifically detailed in the civil law codebooks than in the common law nations.
The Korean legal system works well when the foreign manager quickly puts many western notions of legal strategy aside. So, if there is ever a time to “go native,” it is certainly when one has to deal with Korean legal jeopardy