A public petition has been filed calling for liquidated damages equal to 10 times any illicit gains when the head of a cooperative or a cooperative executive leading redevelopment or reconstruction and other maintenance projects takes kickbacks or entertainment from a construction company (contractor) or a service provider. It urges punitive measures on illicit gains at maintenance business sites to eradicate corruption related to maintenance projects.
According to the National Assembly and the maintenance industry on the 23rd, a petition titled "Petition to amend the Act on the Improvement of Urban Areas and Residential Environments to introduce liquidated damages of 10 times illicit gains for reconstruction cooperative heads" was registered with the National Assembly's e-petition system on the 15th.
A person surnamed Kim, the petitioner, said in the purpose statement, "With more than half of households in our country now living in apartments, corruption in which cooperative heads and executives in reconstruction and redevelopment projects take kickbacks and entertainment from contractors and service firms continues," and added, "Despite criminal penalties and a damages system, the cooperative cannot fully recover its losses, and the perception remains that 'if caught, you lose a little, if not, you profit.'" The petitioner continued, "We petition the National Assembly to codify in the Urban Renewal Act a liquidated-damages system that recoups 10 times any illicit gains...
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