According to the Economist magazine, the previous president of Korea, Lee Myung Bak, once said that corruption could be found all throughout the country of South Korea. ('Corruption' is the belief that doing wrong things - especially in regard to making money - is OK or acceptable. Politicians and business people sometimes become 'corrupt'.)
This article seems to suggest that over 300 Korean young people died in a shipping accident due to the fact that a Korean government agency wasn't doing its job.
In this article 'corruption' is the term applied to dishonesty and unethical/immoral behavior by government and business officials.
The article:
http://www.koreaherald.com/view.php?ud=20140424001385
Vocabulary to help you understand the article:
a ferry - a type of ship that travels short distances, usually to take people from one shore to another
a mogul - someone who has a lot of money and power
a probe - an investigation
graft - making money illegally
to track transactions - to follow them to find their source
the structural integrity - if a ship has structural integrity it is fit or able to sail safely
a bribe - receiving money illegally to allow someone to break the law
lax inspections - not very thorough or detailed inspections - usually inspections that overlook problems
civil servants - people who work for the government
a prosecutor - a lawyer for the state who brings charges (allegations) against people who might be guilty of crimes
to be arrested - to be taken in by the police (to be taken into custody)
delved deeper - dug deeper, went farther
defunct - no longer operating
to launch an investigation - to begin an investigation
extended - in this case extended means to be given
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