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South Korean National Assembly passes anti-corruption bill

( March 4, 2015, 03:47 GMT | Insight) -- South Korea's National Assembly on Tuesday passed an anti-corruption bill that was first proposed in June 2011, Yonhap News Agency said. The new law, known as the Kim Young-ran Law, after the official who proposed the bill, restricts public officials, jour...South Korea’s National Assembly on Tuesday passed an anti-corruption bill that was first proposed in June 2011, Yonhap News Agency said. The new law, known as the Kim Young-ran Law, after the official who proposed the bill, restricts public officials, journalists, and private school teachers from accepting money or gifts, even if they are given to compensate for their work. Officials who take gifts valued over 1 million won ($910) from one person on one occasion face up to three years in prison or a fine of five times the original value of the gift, while those who accept gifts under 1 million won are subject to fines of up to five times the gift’s value, the report added....

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