South Korea’s New Anti-Bribery Law: A Diplomatic Perspective

Summary:

The International Bribery Prevention Act of 2022 in South Korea has both diplomatic and legal significance. The act enhances South Korea's international reputation by positioning it as a global leader in anti-corruption efforts, while also opening up opportunities for strategic partnerships and trade relations with countries that prioritize anti-corruption measures. However, the act's success will depend on effective enforcement and international cooperation, which pose challenges. The coming years will be crucial in determining the act's impact on South Korea's diplomatic engagements.