[asia-apec 701] The People's Campaign for Chaebols' Reform

[PSPD]

The People's Campaign for Chaebols Reform


● The people's campaign to prosecute and call for the resignation of
the
   heads of chaebols, or Korean conglomerates, and recapturing of
ill-gotten
   assets :

   ·Prosecute chaebols to hold them commercially and criminally
responsible
     for overseas assets(offshore assets), bribing government officials
for
     business favors, embezzlement, etc

   ·Hold rallies for criminal prosecution, urging for investigation,
resignation
     of chairpersons, and recapturing of ill-gotten assets
        - Urge the investigation into the actions of the heads of each
           chaebol and appropriate criminal punishment if found guilty.
        - Urge the investigation of the heads of each chaebol by the
Office
           of Tax Administration, the Public Decision Administration,
the
           Board of Audit and Inspection, and the Financial Supervisory
           Commission
        - Hold a series of rallies in front of the chaebols' main
buildings
          and petition drives calling for the resignation of the
chairpersons
          and recapturing of ill-gotten assets

   ·Develop campaigns to recruit prosecutors to implement people's
     prosecution actions

   ·Enact a special law for preventing insolvent operators from
obtaining
     seats on the board of directors of chaebols

   ·Organize college student action groups


● The purpose of calling for the resignation of chairpersons and
recapturing
   of ill-gotten assets :

   ·Removing leaders from management positions, who have not only
turned
     their businesses but the national economy

   ·Create guarantees and guidelines for companies' social
responsibilities

   ·Use recovered ill-gotten assets(or 'dirty money') to create a
relief fund
     for the unemployed and compensate insolvent businesses

● The lawful reasons for resignation of the chairpersons from the
   management and recapturing of ill-gotten assets :

   ·Strengthen accountability and responsible management according to
the
     international traditions and the requirements of IMF(International
     Monetary Fund) period

   ·Carry out the right of indemnity of those tax payers to the
national
     asset that pays for recovering the insolvent business

   ·Inquire about recapturing of ill-gotten assets according to the
Korean
     Commercial and Criminal Act


● Action to recapture illegal overseas assets of chaebols' and the
elite :

   ·Investigate into illegal overseas assets

   ·Discuss methods on recapturing

   ·Establish an information center
        - Create an internet website in English and Korean
        - Appeal to the overseas Korean community and foreign press


● People's investigation into actions for chaebols' and privileged
classes'
   irregularities :

   ·Publish a white paper on chaebols' revealing
        - Total amount and details of properties for heads of chaebols
        - Details of chaebols' overseas loaning and foreign currency
        - Overseas assets(offshore assets)
        - Illegal inheritance
        - Embezzlement
        - Present conditions of particular pardons for chaebols and
          ireegularities allowed for the privileged class


● Action plan of social and chaebols' reform :

   ·Hold a public hearing on the economic crisis
   ·Appeal to enact a special law for preventing insolvent operators
from
     obtaining seats on the board of directors of chaebols

   ·Hold an intermediate evaluation debate over chaebols' reformation
on
        - Actual conditions
        - Outcome
        - Limits

   ·Hold a debate over reforming accessing organs
     - Topic 'Who guards our guardians?'



※ If you have any related information, documentation, and
   article with our campaign, please contact us at PSPD.
    c/o Cha, MiKyung
        (Chief Coordinator of Korean House for Int'l Solidarity)
        Park, Eunyool
        (Volunteering Staff)