Cozy and often corrupt relationships between government regulators and the private sector remain ubiquitous in South Korea, as do lavish gifts, however, the country has made great strides in fighting corruption. In a guest post, Liz K. Chung, Han-Kyu Kim and Hee Won (Marina) Moon, attorneys at the Seoul law firm Kim & Chang, discuss the Korean anti-corruption regime and enforcement climate, detail four anti-corruption trends, and provide strategies for dealing with the most significant corruption risks there. See also “Gibson Dunn Attorneys Take the Pulse of Anti-Corruption Risks in Emerging Markets” (Feb. 5, 2014).