Prosecution raids Yuhan-Kimberly headquarters
SEOUL, July 10 (Yonhap) -- Prosecutors on Tuesday raided the Seoul headquarters of Yuhan-Kimberly Ltd., a maker of sanitary products, as part of their probe into the suspicion that former fair trade officials landed jobs at private firms in breach of the public service ethics act.
Investigators from the Seoul Central District Prosecutors' Office searched the company's offices in southern Seoul and confiscated documents and computer hard drives for evidence to verify the suspicion.
The prosecution has been investigating allegations that former senior officials of the Fair Trade Commission got jobs from companies or organizations they used to work with before retirement, despite this being banned by the act.
The act stipulates that for three years after retirement, former senior public officials are not allowed to be employed by firms related to the work they did in the five years before retirement.
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