A person falling under any of the following subparagraphs shall be punished by a fine not exceeding five million won: <Amended on Jun. 12, 2018; Apr. 13, 2021>
1. A person who fails to obtain consent from the representatives of employees or each individual employee in violation of Article 4 (3) or (4) or 25 (1) or (2) 1;1-2. A person who receives a subsidy by fraud or other improper means pursuant to Article 23-14 (3) 1;
2. A person who violates Article 31 (7);
3. An employer who fails to inform an employee that retirement benefits could be reduced or to take necessary measures to prevent the reduction of retirement benefits, in violation of Article 32 (5).