“The public will be misunderstood if we ask for exemption from Representative Lee and the Democratic Party for breach of trust.” Prime Minister Han Deok-soo and People Power Party leader Han Dong-hoon (left), as if debating whether the claims of immunity for the Daejang-dong and Baekhyeon-dong parties for breach of trust are correct, inspect the people’s livelihood and economy held at the National Assembly in Yeouido, Seoul on the afternoon of the 22nd. Attending council meetings and having conversations. Yonhap News
People Power Party leader Han Dong-hoon said on the 22nd, “The Democratic Party and Representative Lee Jae-myeong are continuously talking about ‘exemption or mitigation of breach of trust charges.’ However, the core of the Daejang-dong and Baekhyeon-dong incidents is breach of trust.”
On this day, Representative Han asserted on his Facebook page, “I think the public will misunderstand if Representative Lee and the Democratic Party, who are being indicted and on trial for the very same breach of trust, ask for immunity from breach of trust.”
Previously, Jin Seong-jun, chairman of the policy committee of the Democratic Party of Korea, appeared on MBC radio that day and responded to the business community’s opposition to the Democratic Party’s push for an amendment to the Commercial Act that stipulates directors’ duty of loyalty to shareholders, saying, “Now, even if they are minority shareholders, ordinary shareholders can exercise their rights.” “It is time to ensure that it is exercised,” he said. “We are reviewing supplementary measures for areas where companies are concerned.”
Policy Committee Chairman Jin continued, “The Supreme Court has already ruled that company executives should be exempted from liability if they faithfully made business decisions,” and added, “We are also considering ways to ensure that they cannot be held responsible for breach of trust in such cases.” revealed.
At the same time, he said, “There is a crime of breach of trust under the Criminal Act and a special crime of breach of trust under the Commercial Act, and we are also considering ways to strengthen the criminal elements for these two items.” He added, “We are drafting a bill while looking into which method would be better.” “The results will come out soon,” he said.
People Power Party CEO Han Dong-hoon Facebook capture
Meanwhile, CEO Lee Jae-myung said at a general investor meeting to revitalize the domestic stock market on the 20th, “Samsung Electronics Chairman Lee Jae-yong was acquitted in the first trial, but was appealed and dragged through the trial. Will there be any decision-making?” and “If the prosecution gets bored, they will block the company.” Should I investigate internally and investigate breach of trust? Wouldn’t this cause an uproar? “It seems like Samsung Electronics is doing that,” he said.
Representative Lee also hinted at the possibility of easing or abolishing the breach of trust at the Supreme Council meeting on the 15th, saying, “We need to carefully discuss the issue of breach of trust, which is a means of abusing prosecutorial power.”
Accordingly, CEO Han Dong-hoon is interpreted as criticizing whether it is the right decision for CEO Lee, who is on trial in connection with development corruption in Daejang-dong and Baekhyeon-dong, to claim immunity or mitigation of breach of trust charges.
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**In light of Mr. Kim’s commentary on the business community’s concerns regarding amendments to breach of trust laws, what specific policy alternatives could mitigate these concerns while still addressing the public’s demand for stronger corporate governance?**
## World Today News Interview: The Controversy Surrounding Breach of Trust
**Guests:**
* **Dr. Park Mi-jung:** Legal expert and Professor of Business Law at Seoul National University
* **Mr. Kim Tae-ho:** Political commentator and analyst for the Korea Times
**Host:** Welcome to World Today News, and thank you to our esteemed guests for joining us today. We’re diving into a heated debate surrounding breach of trust charges in South Korea, sparked by recent statements from political figures. Let’s begin by understanding the crux of the issue.
**Section 1: The Definition & Application of Breach of Trust**
* **Host:** Dr. Park, the article mentions that lawmakers are discussing amendments to the Commercial Act regarding directors’ duties and potential exemptions from breach of trust charges. Can you help our viewers understand the legal definition of “breach of trust” within the context of business practices?
* **Host:** Mr. Kim, how is the concept of breach of trust currently applied in South Korean business and legal spheres? Are these amendments a cause for concern within the business community?
**Section 2: The Political Landscape Surrounding Breach of Trust**
* **Host:** We’ve seen strong opinions expressed by both the People Power Party leader and the Democratic Party regarding breach of trust charges, particularly related to the Daejang-dong and Baekhyeon-dong cases. Dr. Park, how does the current political climate influence the public’s perception of these legal issues?
* **Host:** Mr. Kim, some argue that discussing potential immunity from breach of trust charges while facing similar accusations demonstrates a conflict of interest. What are your thoughts on this?
**Section 3: The Impact on Business and Investment**
* **Host:** Both the business community and individual investors have expressed concerns about potential changes to breach of trust laws. Mr. Kim, what are the potential repercussions of watering down these laws on both domestic and foreign investment in South Korea?
* **Host:** Dr. Park, are there alternative solutions or safeguards that can be implemented to address the concerns raised by both the business community and those advocating for stronger corporate accountability?
** concluding section:**
* **Host:** Thank you both for your insightful contributions to this complex and multifaceted discussion. It’s clear that the debate surrounding breach of trust charges will continue to be a significant topic in South Korea.
