According to the Law Times, a Korean legal vernacular, laws which punish corporations or presidents of corporations, regardless of their “intent” or “negligence,” when a corporation’s manager commits a crime may be amended in the near future. President-Elect Lee intends to abolish most of these criminal laws and allow sanctions to be handled through administrative procedures.
The Ministry of Justice and some progressive NGOs may oppose the amendments. However, some noted academics and lawyers have already shown their support for the amendments.
Kang Dong-Bum, a professor at Ewha University, said that “Calling corporations and presidents to criminal account only because of the acts of an employer is wrong and they should be called to criminal account only when they have intention or negligence” Kang also noted, however, tha fines allowed to be imposed through administrative actions should be drastically increased.
Expect amendments to be enacted in the later part of this year.
Similar Posts:
- Utilization of Accountants in Termination of Employees for Urgent Business Necessity (Urgent Managerial Need) in Korea
- Korean Prosecutors & Police Powers under Amended Criminal Procedure Law
- Korea Increases the List of Serious Crimes in the Act on Regulation and Punishment of Criminal Proceeds Concealment
- Obtaining a Korean Criminal Record Check from Outside of Korea
- Must I grant Male Employees Maternity/Paternity Leave in Korea?: Korean Labor/Employment Law Updates
- Korean FTC Criminal Referral Guidelines: Monopoly & Franchise Korean Law Updates
- Korean Labor Law Checklist for Employers and Employees
- The Signs of a Great Criminal Lawyer in Korea | English-Speaking Criminal Defense Attorney in Seoul
- Dismissal of Employees in Korea: Supreme Court of Korea Precedent
- Piercing the Corporate Veil in Korea: Suing Shareholders of a Corporation
You must log in to post a comment.