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President Lee: Commissioning Crime & Economic Penalties Explained

Summary by Time News
South Korea’s Lee Jae-myung Unveils $75 Billion Investment Fund, Pledges Economic Deregulation A new $75 billion… The post President Lee: Commissioning Crime & Economic Penalties Explained appeared first on TIme News.

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(Seoul = Yonhap News) Reporter Lim Hyeong-seop = President Lee Jae-myung said on the 30th, "It is time to seek institutional improvements as the crime of breach of trust is being abused and hindering corporate activities...

·Korea, Republic of
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President Lee Jae-myung announced that he would revise 30% of economic penalties that hinder corporate management within a year. He particularly emphasized that he would prevent the abuse of "breach of trust," which has been pointed out as a factor hindering domestic investment. Domestic business organizations are petitioning the National Assembly to revise the Commercial Act and the Labor Union Act.

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Naver broke the news in on Wednesday, July 30, 2025.
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