Existing corporate crime research, grounded in Western assumptions of dispersed ownership and independent regulation, has inadequately addressed the distinctive mechanisms of malfeasance within South Korea’s family-controlled conglomerates, known as ‘chaebols’. This article investigates the structural, institutional, and cultural logics of corporate crime under the chaebol system through the 2003 SK Group accounting scandal. Drawing on academic literature, judicial archives, and media reports, our analysis reveals a tripartite dynamic. Structurally, cross-shareholding and concentrated family control, coupled with symbolic governance facades, particularly in the absence of robust external oversight, help explain transparency failures and risk-laden misconduct. Institutionally, the politico-business symbiosis of South Korea, reinforced by resource dependence, elite cohesion, and revolving-door dynamics, fostered regulatory capture and selective enforcement. Rather than simple failure, this reflects a patterned permissiveness in which oversight is selectively withdrawn and misconduct tolerated. Culturally, Confucian norms of hierarchy and loyalty align with Scott’s cultural-cognitive pillar, rendering paternalistic leadership legitimate and whistleblowing deviant. Such norms help rationalize state leniency, embedding elite impunity within collective narratives of growth and stability. Thus, this article proposes an integrated “structural-institutional-cultural coupling” framework to reveal how corporate crime is systematically reproduced through the interplay of concentrated power, institutional tolerance, and cultural legitimation; it concludes with policy recommendations including strengthening corporate criminal liability, restricting presidential pardons, and advancing governance restructuring to enhance corporate accountability and legal robustness. By challenging the applicability of mainstream Western theories, this research offers a new theoretical lens for understanding corporate governance and crime in South Korea and comparable contexts.
扫码关注我们
求助内容:
应助结果提醒方式:
