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South Korea to abolish breach of trust crime, ease economic criminal penalties

By Wooyoung Lee ( September 30, 2025, 08:13 GMT | Insight) -- South Korea will abolish the crime of breach of trust, long criticized for exposing corporate executives to imprisonment and criminal fines, and replace economic criminal penalties with administrative fines where criminal punishment is deemed excessive and ineffective. One of the key measures is to abolish the breach of trust offense, “which has been identified as a factor that hampers corporate management activities." The planned reform is part of a goal to revise 30 percent of economic criminal penalties this year.South Korea will abolish the crime of breach of trust, long criticized for exposing corporate executives to imprisonment and criminal fines, and replace other economic criminal penalties with administrative fines where criminal punishment is deemed excessive and ineffective....

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