South Korea plans to ease corporate risks


President Lee Jae Myung launched the team in July to ease excessive corporate sanctions and spur investment. — Reuters

SEOUL: The government and the ruling Democratic Party of Korea will push for abolishing breach of trust as a criminal offence in a bid to ease excessive legal risks that hinder normal business decisions.

The announcement came during a party-government council at the National Assembly, led by a government task force on rationalising economic penalties and attended by the finance and justice ministers.

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