Korean Law in English
Laws › Act on the Guarantee of Employees' Retirement Benefits › CHAPTER IX PENALTY PROVISIONS

Act on the Guarantee of Employees' Retirement Benefits — Article 47 (Joint Penalty Provisions)

근로자퇴직급여 보장법 제47조

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.

If a representative of a corporation, or an agent, employee or other servant of a corporation or individual commits an offense prescribed in Articles 44 through 46 with regard to the affairs of such corporation or individual, not only shall such offender be punished, but the corporation or individual shall also be punished by a fine prescribed in the relevant Article: Provided, That the same shall not apply where the corporation or individual has not been negligent in giving due attention and supervision relating to the relevant affairs to prevent such violation.

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