An anti-graft law, the so-called Kim Young-ran Act in Korea, took effect on Sept. 28. Kim Young-ran was the former head of the Anti-Corruption and Civil Rights Commission and had introduced the act to improve the public interest by reducing illegal bribery among governmental officials. Most governmental officials, the press and executives of private schools may receive criminal punishment if they request any special consideration for job positions or do not turn someone in for asking for something illegal. Also, they are prohibited from receiving meals or gifts priced higher than 30,000 won ($27) and 50,000 won ($45) respectively. Congratulatory and condolence money also cannot exceed 100,000 won ($90).

There is a great controversy regarding this act. Supporters say that the anti-graft law can eradicate the corruption that lowers the nation’s competency because the corruption creates unnecessary social costs. They also argue that the transparency, which can be created through the eradication of illegal bribery, will lead to greater economic development in the long run. Additionally, it will eliminate price bubbles, which can seriously hurt the economy.

On the other hand, opponents of the act argue that it is imperfect in detecting offenders because congressmen who have a high potential for bribery will be exempt from the act due to exceptional provisions in the act. Thus, the act does not have any real impact on eradicating corruption. Critics also assert that the economy will contract in the future because this law limits the amounts that can be spent on meals and gifts. Most restaurants owners are frustrated by the act, which has resulted in increased pain for the common people.

Whatever the pros or cons of the situation are, the bow has already been drawn back. The Kim Young-ran Act is already being enforced, and we should keep an eye on the situation. I think the act has the potential to make Korea a better place because the effort to get rid of bribery has a great meaning by itself even though it is not perfect.