Odaily Planet Daily reports that, according to a shareholder group called the "Korean Shareholder Movement Headquarters," the Gyeonggi Southern Police Agency has assigned two cases to its First and Second Investigation Departments for formal investigation.
On July 22, the group filed a complaint with the National Police Agency’s National Investigation Bureau, accusing Samsung Electronics co-CEO Jeon Young-hyun, Vice Chairman Roh Tae-moon, and SK Hynix CEO Kwak Noh-jung of breaching their fiduciary duty by reaching an agreement on performance bonuses with the union without proper evaluation, allegedly constituting fraud under the Specific Economic Crimes Enhanced Punishment Act.
(Note: Breach of trust refers to a situation where a fiduciary, such as a corporate executive, intentionally violates the trust placed in them by misusing their authority to manage the property of another party—such as the company or principal—thereby causing financial loss to the principal.)
The agreement related to the above complaint was implemented in May this year—Samsung will provide a special bonus equivalent to 10.5% of the performance gains from its semiconductor business, while SK Hynix has established a profit-sharing mechanism allocating 10% of its semiconductor division’s operating profit to employee bonuses. (Wall Street Journal)