464 Public Institution Executives Rehired by Invested Companies After Retirement... Anti-Corruption Commission Recommends Improvement

Half of Institutions Lack Reemployment Review Regulations... No Evaluation Criteria
Anti-Corruption Commission Recommends "Establishing Reemployment Review Committees and Evaluation Standards"

Chairperson Jeon Hyun-hee of the Anti-Corruption and Civil Rights Commission briefing on the results of improving the acceptance rate of grievance recommendations at the Government Seoul Office in Jongno-gu, Seoul on the 2nd./Photo by Kim Hyun-min kimhyun81@

[Sejong=Asia Economy Reporter Moon Chaeseok] It has been revealed that 464 retired executives and employees from 107 public institutions were re-employed by affiliated companies invested in by those institutions over the past three years.

The Anti-Corruption and Civil Rights Commission (ACRC) announced on the 30th that this result came from conducting a corruption impact assessment on regulations related to 487 public institutions, including public enterprises and quasi-governmental agencies, to prevent unfair re-employment of retired public institution employees.

Source=Kwon Ik-wi

Among the 107 institutions, many also had inadequate re-employment reviews. 103 institutions did not have clear evaluation criteria for re-employment reviews, and 58 institutions (54.2%) did not have regulations requiring such reviews at all.

The ACRC recommended that these institutions establish conflict-of-interest prevention measures by composing a majority of the review committee members from external personnel and prohibiting members with conflicts of interest from participating in the review, to ensure fair and transparent re-employment reviews.

Additionally, they advised strengthening review criteria by incorporating evaluation items such as disciplinary actions during employment and job relevance to verify eligibility, and reflecting the basis for disclosing the list of re-employed executives and employees on the institution’s website in internal regulations.

Chairperson Jeon Hyun-hee of the ACRC stated, "We will continue to actively identify and improve factors that induce corruption in public institution regulations to enhance transparency across the entire public sector."

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