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IBM Executives Convicted of Bribery in South Korea : Corruption Case


In February 2004, three former officials of IBM Korea were given jail sentences for bribery and illegal business activities in a case involving state contracts for computer parts and servers.

Chang Kyoung-ho, former head of IBM Korea's public sector team, was sentenced to 18 months in prison and fined 98 million won ($112,153 in Canadian funds). Two other former IBM Korea employees were sentenced to one year in jail, while three others from an IBM subcontractor, a government agency and a state financial institution were handed prison terms.

In January 2004, IBM reported that it contacted the US Securities and Exchange Commission and the Department of Justice over the scandal.


The following lists all references contained in our database that are relevant to this briefing
The Evening Standard [1/7/2004] 'IBM in talks with SEC over S Korea bribe charges' [Source ID = 8610]

 [2/19/2004] 'Former IBM officials sentenced to jail' [Source ID = 8636]

 [2/17/2004] ' CORRECTION Former IBM Korea officials sentenced to jail for bribery' [Source ID = 8977]

VAR Business [3/29/2004] 'Unbelievable But True -- International Bribery Mess' by Rob Wright: http://www.varbusiness.com/sections/news/breakingnews.jhtml?articleId=18841275&_requestid=309444 [Source ID = 9192]


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