Kwonikwi Distributes Corporate Guide for Public Interest Reporting

Amendment to the Public Interest Whistleblower Protection Act... Number of Reportable Laws Increased from 284 to 467 Starting November 20
Anti-Corruption & Civil Rights Commission: "Companies Also Recognized as Public Interest Reporting Agencies... Supporting Voluntary Prevention of Public Interest Violations"

Jeon Hyun-hee, Chairperson of the Anti-Corruption and Civil Rights Commission. (Photo by Yonhap News)

[Asia Economy Reporter Moon Chaeseok] The Anti-Corruption and Civil Rights Commission announced on the 2nd that it has published the "Corporate Guide for Voluntary Prevention of Public Interest Violations," reflecting the amendments to the Public Interest Whistleblower Protection Act.

The Commission stated that it created the guide and distributed it to companies, private associations, and whistleblower support organizations.

The guide was prepared to support private companies in voluntarily correcting and preventing public interest violations.

The law defines not only the Commission and investigative agencies but also company representatives as public interest reporting bodies.

This means that companies themselves can receive public interest reports and take necessary measures to eliminate public interest violations.

It is expected to have the effect of preventing significant cost losses caused by public interest violations.

The Commission explained that it has been creating and distributing corporate guides since 2012 to support companies' voluntary activities to prevent public interest violations.

With the recent amendment to the law, the guide was updated to reflect the expansion of the laws subject to public interest reporting from 284 to 467, effective November 20.

The guide includes information introducing the social roles and obligations of companies as public interest reporting bodies, as well as corporate measures to prevent public interest violations.

To facilitate practical use by companies, it also contains examples of major violations by law subject to public interest reporting and cases of public interest reporting and whistleblower protection.

Jeon Hyun-hee, Chairperson of the Commission, said, "There are limits to the government's efforts alone in detecting and preventing public interest violations," adding, "It is necessary for companies themselves to discover and correct public interest violations."

Chairperson Jeon also said, "I hope that the corporate guide being distributed this time will help not only ethical management but also strengthen corporate competitiveness."

This content was produced with the assistance of AI translation services.