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ACS FALL IN. Korea Library Construction collapses.

Corruption is rife in Korea's construction industry. Actually entire economy built on corruption.

https://www.iias.asia/the-newsletter/article/south-korea-corruption-built-its-economy
THE NEWSLETTER 77 SUMMER 2017

South Korea: the corruption that built its economy​

On May 9, democracy triumphed in South Korea, as the country elected a new leader – the Democratic Party candidate Moon Jae-in. Back in March, the country’s Constitutional Court had removed President Park Geun-hye on charges of corruption. This momentous decision came after an independent investigation last year alleged Park had used her office to enrich a childhood friend and solicit donations from major companies in exchange for favors.

The scope of these allegations and the magnitude of their consequences brought into focus South Korea’s complicated relationship with corruption. This latest instance of government malfeasance thrust the country into some turmoil, but corruption has not always been so detrimental to Korea. In fact, if not for the economic benefits of corruption, South Korea would not be the industrialized nation it is today.
 
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