Anti-Corruption Initiatives for South Korean Water Management

Inhaltsverzeichnis (Table of Contents)

• Introduction
• An Analysis of Corruption from the Perspective of Economic Ethics
  • Burdening Corruption vs. Unburdening Corruption
  • An Analysis of Corruption from the Perspective of Economic Ethics
    • Principal-Agent Theory
    • A Game Theoretic Analysis of Corruption
  • Corruption in Infrastructure Projects
  • Integrity Pacts
• Case Study Republic of Korea
  • Country Profile South Korea
  • Corruption in Korea and Anti-Corruption Measures in the Public Sector
  • K-PACT
    • History, Development and Organization of the K-PACT
    • Achievements and Limitations
  • Integrity Pact for Water Resource Management
    • Water Resources in Korea
    • Establishment of an Integrity Pact
• Evaluation and Recommendations
  • An Evaluation of the Progress made by Korean Society
  • Additional Measures and Recommendations
• Conclusion

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This diploma thesis aims to analyze the problem of corruption in South Korea's water management sector through the lens of economic ethics. The primary objective is to evaluate the effectiveness of existing anti-corruption initiatives, specifically the Korean Pact on Anti-Corruption and Transparency (K-PACT), in combating corruption in major infrastructure projects. The thesis also explores the potential for implementing integrity pacts as a tool to mitigate corruption risks within the water sector. Key themes explored in the text include:

• The economic and ethical implications of corruption in infrastructure projects, particularly in the water sector
• The role of principal-agent theory and game theory in understanding and addressing corruption
• The application of integrity pacts as a strategy to combat corruption in public procurement
• The case study of South Korea and its efforts to combat corruption in water management
• The analysis of K-PACT, its achievements, and limitations as an anti-corruption initiative

Zusammenfassung der Kapitel (Chapter Summaries)

The introduction outlines the pervasiveness of corruption in South Korea and its detrimental impact on the economy. The text defines corruption as the abuse of entrusted power for private gain, highlighting its relevance in public sector procurement, particularly in large infrastructure projects like those within the water sector. The author emphasizes the need for ethical considerations in addressing corruption in this specific sector.

Chapter 2 explores the concept of corruption from an economic ethics perspective, contrasting “burdening” and “unburdening” corruption. It utilizes principal-agent theory and game theory to analyze corruption dynamics within the context of infrastructure projects. The chapter then introduces the concept of integrity pacts as a potential solution to combat corruption, laying the groundwork for the subsequent case study.

Chapter 3 delves into the case study of South Korea, examining its history of corruption and the government's efforts to combat it. The K-PACT is introduced as a crucial anti-corruption initiative, highlighting its history, structure, achievements, and limitations. The chapter then examines the specific context of water resource management in Korea and explores the potential for establishing an integrity pact within this sector.

Chapter 4 evaluates the progress made by Korean society in addressing corruption within the water management sector, drawing conclusions based on economic ethics. Recommendations for future actions and initiatives are presented, aiming to further mitigate corruption risks and enhance the ethical integrity of the sector.

Schlüsselwörter (Keywords)

This text focuses on the intersection of economic ethics, corruption, and infrastructure development in South Korea. Key terms and concepts explored include: principal-agent theory, game theory, integrity pacts, K-PACT, water resource management, public procurement, and anti-corruption initiatives. The analysis seeks to identify effective strategies for combating corruption and promoting ethical conduct within the water sector in South Korea.