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Republic of Korea Country Profile |
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Environment, Natural Resources and Extractive IndustryPolitical Corruption
In 1991, the Korean company Doosan Electro-Materials Inc., a subsidiary of the Doosan Corporation, dumped 320 tons of phenol waste into the Naktong River, which supplied tap water to over 10 million homes, as reported in the January 1996 edition of TED Case Studies. The company was charged with illegally disposing toxic waste into the river. Consequently, eight officials were sacked from Doosan Electro-Materials Inc. and the chairman was forced to resign. The company had to pay approximately USD 30 million in compensation. In the aftermath of the scandal, the Environmental Minister Huh Nam-Hoon was sacked by the President.
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