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British Embassy in Seoul hosts
Corporate Governance Seminar at UK Embassy
Scheduled Oct. 19 by British Embassy, K-PACT Council
The British Embassy and the K-PACT Council will host a seminar on 19th October.

Korea is the world's 11th largest economy, a member of the OECD and is becoming an important donor to developing countries. But at the same time it lags badly in competitiveness (24th in the world) and corruption (only the 40th best). Why is there this discrepancy? Could it be the structure of Korea's companies? Or their business practices? And if so what more can be done to improve corporate governance in Korea?

On Thursday 19th October the British Embassy and the K-PACT Council (The Council for the Korean Pact for Anti-Corruption and Transparency) will host a seminar that will attempt to answer these questions.

The seminar, to be opened by Warwick Morris, British Ambassador to the Republic of Korea, and to be congratulated by Lee Hak-Young, Chairman of the K-PACT Council, will feature experts on different aspects of corporate governance.

* Rev Kim Geo-sung, Standing Executive Officer of the K-PACT Council will discuss cases of corruption in Korea's chaebol and the effects this can have on Korean society. He will explain how nepotism causes problems and how transparent business practices can prevent them.

* Allan Suh, Managing Partner and President and Partner of Samjong KPMG Partners, an expert practitioner in the field of corporate governance, will discuss global best practice and how that can be applied in Korea.

* Tariq Hussain, columnist and author of "The Diamond's Dilemma"
will examine how corruption has its roots in society and how that is holding back Korea from meeting its full potential.

The seminar will be moderated by Professor Kim Joongi of Yonsei University and discussion will be led by Anna Fifield, Seoul Bureau Chief of the Financial Times.

To attend the seminar please contact Minjung Kim at the British Embassy on (02) 3210 5604

For media enquiries, contact Jenny Hong, Media Officer on (02) 3210 5562

The K-PACT Council is an organisation dedicated to promoting transparency and anti-corruption in all sectors of Korean society. It was formed in 2005 when, at the initiation of Transparency International, President Roh Moo-hyun, the leaders of public sector, political parties, business groups and civil organizations signed the K-PACT - the Korean Pact for Anti-Corruption and Transparency. More information can be found at www.pact.or.kr or pact@pact.or.kr




 

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