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Laws › Act on the Guarantee of Employees' Retirement Benefits › CHAPTER IX PENALTY PROVISIONS

Act on the Guarantee of Employees' Retirement Benefits — Article 45 (Penalty Provisions)

근로자퇴직급여 보장법 제45조

This English translation is based on the Korean text effective 2022-07-12. The Korean law has since been amended (current version effective 2026-09-18) — check the Korean original.

A person falling under any of the following subparagraphs shall be punished by imprisonment with labor for not more than two years or by a fine not exceeding 20 million won: <Amended on Apr. 13, 2021>

1. A person who makes a differentiation within the same business in establishing a retirement benefit scheme, in violation of Article 4 (2);

2. A person who provides solicitation services of retirement pension plans without filing a registration with the Minister of Employment and Labor, in violation of Article 31 (3);

3. A retirement pension trustee who entrusts solicitation services to a person who is not a solicitor for retirement pension plans, in violation of Article 31 (4);

4. An employer who violates the responsibilities prescribed in Article 32 (4) 1.

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