We Used to Call it the 'Revolving Door' in the US

But of news from Seoul, in the Republic of Korea: a growing number of government officials are leaving their jobs and taking new more lucrative ones in the cryptocurrency industry.

A member of parliament from the ruling party, Roh Woong-rae, has suggested stricter rules.

Of course there is a problem here. Once a few government officials get better jobs in the crypto industry, others come to see their government services as a way to a golden job later in life. Will they then chance doing anything that would alienated their future bosses? Probably not.

The corruption is clear enough even when there is no explicit quid pro quo.

Various solutions to this "revolving door" problem have been attempted in the U.S., and in other countries.

I won;t review them here. The bright reader will infer what my own solution is.

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