New law mandates high-level officials disclose their assets

Home > Business > Industry

print dictionary print

New law mandates high-level officials disclose their assets

High-level officials at six state-run operators of nuclear power plants will be required to make their financial assets public starting today, the Ministry of Trade, Industry and Energy said yesterday.

The move is intended as a follow-up measure after a corruption scandal last year involving state-run nuclear power plant operators, including Korea Hydro and Nuclear Corporation.

About 1,500 officials in posts higher than a department director must report their property status to the government. Violators could face jail time or a fine up to 10 million won ($9,883).

More in Industry

Majestic flight

Hyundai Motor is new darling of the stock market

Doosan Tower sells for 800 billion won as financial woes continue

Hyundai E&C wins big rail project contract in Philippines

Spud sundaes and ugly apples as retailers rush to help farmers

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now