Increase in Maximum Reward for Reporting Misuse of National Subsidies from 200 Million to 500 Million Won
The reward for reporting the fraudulent use of government subsidies, including those for private organizations, will increase from the current maximum of 200 million won to 500 million won.
On the 25th, the Anti-Corruption and Civil Rights Commission announced the legislative notice of the "Enforcement Decree Amendment of the Act on Prohibition of Fraudulent Claims for Public Funds and Recovery of Unjust Benefits" containing this content.
Additionally, the enforcement decree amendment of the Act on the Protection of Public Interest Whistleblowers, which raises the reward paid to whistleblowers who report public interest violations by public institutions from a maximum of 200 million won to 500 million won, was also announced for legislative notice.
While the upper limit for rewards related to corruption acts has already been set at 500 million won, the rewards for cases involving fraudulent claims for public funds and public interest reports were lower at 200 million won.
The Anti-Corruption and Civil Rights Commission plans to collect public opinions until October 4 and complete the amendment after the Cabinet meeting.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.