Occupational Breach of Trust
What is occupational breach of trust? Breach of trust is a crime in which a person who handles another's affairs acts in violation of that duty to obtain a financial benefit for themselves or for a third party, thereby causing loss to the other person—that is, the 'principal.' In particular, where this crime is connected to occupational duties—that is, where a person who handles another's affairs commits breach of trust by violating an occupational duty—it is subject to aggravated punishment as occupational breach of trust. In such cases, where the amount of gain from occupational breach of trust is KRW 500 million or more, aggravated punishment applies under the Act on the Aggravated Punishment of Specific Economic Crimes. Occupational breach of trust: relevant statutes. Article 355 (Embezzlement, Breach of Trust) (1) A person who, having custody of another's property, embezzles such property or refuses to return it shall be punished by imprisonment for not more than five years or a criminal fine not exceeding KRW 15 million. (2) A person who handles another's affairs and, by violating that duty, ..