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Korean agricultural sector is strongly against the anti-graft law
2016-08-02
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Beginning September 28, 2016, the anti-graft law goes into effect in Korea . By the law, public officials, private school teachers, journalists and their spouses should not be given a meal that costs more than 30,000 won ($US26) or receive gifts priced over 50,000 won. Congratulatory or condolence money should be less than 100,000 won. According to the Farmers Newspaper, there will be a maximum 2.3 trillion won drop in sales of agricultural products such as fruits, flowers and meats after the law is implemented.

(Researached and summarized by Dr. Jeong-bin Im)

Source: http://www.nongmin.com/article/ar_detail.htm?ar_id=266615&subMenu=dsearch&key=김영란법

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