Word: koreans
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Dates: during 1990-1999
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...cash was needed to pay a "gratitude fee"--or bribe, depending on whom you asked--to his Korean counterpart for the privilege of doing business...
Naemul, or "gratitude fees," are as institutionalized in Korean business practices as negotiation and dealmaking. At the end of any business meeting, the solicitor (for example, a subcontractor) quietly and unceremoniously hands an envelope full of cash to the solicitee (for example, the contractor...
...Confucian world of Korean business, the practice of naemul signifies respect and deference. Most businessmen see nothing unethical about this custom. They point out that Koreans have practiced naemul ever since their country was freed from Japanese colonial rule in 1945 and have still enjoyed a rather spectacular rise from agrarian backwater to industrial power...
Indeed, naemul has been around for as long as Korean business has. The practice, relatively simple on its face, has some elaborate rules. For instance, the envelope must always be sealed. The giver must always bow his head and present the envelope with both hands. And perhaps most importantly, the receiver must never ever look inside the envelope while still in the giver's presence...
...want other religious people to come and see our activities," said board member Reverend Hwagong Hwang, a second-year candidate for a Masters in Theological Studies at the Divinity School and a Korean Son Buddhist monk...