Conflict of Interest Prevention Act Promulgated on the 18th... Jeon Hyun-hee Expresses "Deep Gratitude" to Kim Young-ran

Completion of Enforcement Decree within the Year... Plan to Distribute Public Officials' Work Guidelines
Jeon Hyun-hee "Fully Prepared for Establishing a Culture of Integrity"... Kim Young-ran "Completing the Puzzle of an Integrity-Advanced Nation"

Chairperson Jeon Hyun-hee of the Anti-Corruption and Civil Rights Commission (left) is seen posing for a photo after meeting with Kim Young-ran, Chairperson of the Supreme Court Sentencing Commission, on the 7th to discuss cooperation measures for establishing a culture of integrity in the public sector. (Photo by the Anti-Corruption and Civil Rights Commission)

[Sejong=Asia Economy Reporter Moon Chaeseok] The Conflict of Interest Prevention Act, which prohibits public officials from pursuing unfair personal gains and prevents and manages conflict of interest situations, will be promulgated on the 18th.

The Anti-Corruption and Civil Rights Commission announced that it published the "Conflict of Interest Prevention Act for Public Officials," which was approved at the Cabinet meeting on the 11th, in the official gazette on this day, and plans to implement it from May 19 next year after a one-year preparation period.

The Conflict of Interest Prevention Act was passed by the National Assembly on the 29th of last month, following the public outcry after the land speculation allegations involving employees of Korea Land and Housing Corporation (LH) in March. The law aims to prevent public officials from seeking unfair benefits using insider information. It includes provisions to prevent situations where fairness is seriously questioned, such as ▲illegal acquisition of property using internal information of public institutions ▲hiring of public officials' family members or concluding private contracts ▲handling affairs involving parties with private interests.

As a follow-up measure, the Anti-Corruption and Civil Rights Commission plans to complete the enactment of the enforcement decree of the Conflict of Interest Prevention Act within the year and actively promote education for about 2 million public officials over the next year, preparing and distributing work guidelines.

Earlier, on the 7th, Chairperson Jeon Hyun-hee of the Anti-Corruption and Civil Rights Commission met with Kim Young-ran, Chairperson of the Supreme Court Sentencing Commission who first proposed the Conflict of Interest Prevention Act nine years ago, to discuss cooperation plans for establishing a culture of integrity in the public sector. Chairperson Kim Young-ran is well known for proposing the "Act on the Prohibition of Improper Solicitation and Graft" (Improper Solicitation and Graft Act), also called the "Kim Young-ran Act," which is considered a twin law to the Conflict of Interest Prevention Act.

Chairperson Jeon said, "I deeply thank Chairperson Kim Young-ran for laying the foundation of the two pillars, the Improper Solicitation and Graft Act and the Conflict of Interest Prevention Act, which complete a clean Korea," and added, "We will make every preparation to ensure that the Conflict of Interest Prevention Act effectively prevents public officials from pursuing personal gains and establishes a new culture of integrity in the public sector."

Chairperson Kim responded, "The passage of the Conflict of Interest Prevention Act completes the puzzle necessary for Korea to enter the ranks of clean advanced countries," and said, "I will continue to give full support to the government's anti-corruption activities for a clean Korea."

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