We often hear news about large-scale embezzlement and breach of trust by executives and employees of mid-sized companies or financial institutions through the media. In particular, in the case of small and medium-sized businesses or startups that lack management, accounting, management audit, and internal control systems, problems due to (business-related) embezzlement and breach of trust by executives and employees are likely to occur.
When a person who keeps another person's property embezzles it or refuses to return it (Article 355, Paragraph 1 of the Criminal Act), and when a person who handles another person's affairs acquires property interest through an act that violates his/her duties, or when a third party If you cause damage to yourself by causing someone to acquire it (paragraph 2), you will be subject to imprisonment for up to 5 years or a fine of up to 15 million won, and if you violate your ‘business duties’ and commit embezzlement or breach of trust. If a person commits a crime, he or she will be punished by imprisonment for up to 10 years or by a fine of up to 30 million won (Article 356 of the Criminal Act).
Furthermore, in the case of the Act on the Aggravated Punishment of Specific Economic Crimes (abbreviated name: Specific Economic Crimes Act, hereinafter “Special Police Act”), a person who has committed the crime of embezzlement, breach of trust, or embezzlement or breach of trust under the criminal law may not acquire or If the value of the property or property interest (hereinafter “gain amount”) obtained by a third party is more than 500 million won (less than 5 billion won), and if it is more than 5 billion won, the punishment will be increased separately (Article 3 of the Special Police Act) (paragraphs of Article 1).
When a person who keeps another person's property embezzles it or refuses to return it (Article 355, Paragraph 1 of the Criminal Act), and when a person who handles another person's affairs acquires property interest through an act that violates his/her duties, or when a third party If you cause damage to yourself by causing someone to acquire it (paragraph 2), you will be subject to imprisonment for up to 5 years or a fine of up to 15 million won, and if you violate your ‘business duties’ and commit embezzlement or breach of trust. If a person commits a crime, he or she will be punished by imprisonment for up to 10 years or by a fine of up to 30 million won (Article 356 of the Criminal Act).
Furthermore, in the case of the Act on the Aggravated Punishment of Specific Economic Crimes (abbreviated name: Specific Economic Crimes Act, hereinafter “Special Police Act”), a person who has committed the crime of embezzlement, breach of trust, or embezzlement or breach of trust under the criminal law may not acquire or If the value of the property or property interest (hereinafter “gain amount”) obtained by a third party is more than 500 million won (less than 5 billion won), and if it is more than 5 billion won, the punishment will be increased separately (Article 3 of the Special Police Act) (paragraphs of Article 1).
