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S. Korea: Gov't Forming Investigation Team to Bring Order to the Capital Market
Source: world.kbs.co.kr
Source Date: Friday, April 05, 2013
Focus: Knowledge Management in Government, Internet Governance
Country: Korea (Republic of)
Created: Apr 09, 2013

The government will set up a joint investigation team to crack down on crimes that disturb order in the capital market, including stock price manipulation and black market dealings. Our Bae Joo-yon has more.

Report: The Justice Ministry briefed President Park Geun-hye on Friday and vowed to bring order to the market economy.

The ministry unveiled plans to form a joint government investigation team to swiftly probe major stock market crime and crack down on intellectual property rights’ violations and technology leaks.

The envisioned team will also look into major black market crimes, including illegal money lending and the production and sale of fake oil. The team will also strengthen investigation on fake tax invoices in a bid to bring the underground economy into the legitimate economic arena.

In a bid to boost crime prevention and expand social safety nets, the ministry will form task forces on eradicating what the Park administration has deemed the nation's four major evils: sexual violence, school violence, domestic violence and adulterated food.

The ministry will also establish an investigation bureau on crimes involving women and children in four major district prosecutors’ offices, including the Seoul Central District Prosecutors’ Office.

The ministry’s briefing comes as prosecutors are set to launch investigations from next month on embezzlement, bribery and other scandals involving senior public officials.
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