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Bills in Focus In series
A weekly report by the law firm DR & AJU providing the latest information on bills
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Bills in Focus In series
A weekly report by the law firm DR & AJU providing the latest information on bills
Would you like to subscribe?
Bills to detect deepfakes, promote biogas use
Proposed Bill: Whole Amendment to the Act on the Protection and Use of Location Information Proposed by Rep. Hong Suk-joon (People Power Party) ● With the expansion of the mobility market based on location information, location information is being used in various fields to provide customized servic
Jan. 15, 2024 - 13:55:57
Bills to promote climate action, corporate restructuring
Proposed Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Kim Sung-joo (Democratic Party of Korea) ● As climate change responsiveness increasingly becomes an essential part of business operations, this amendment requires companies to disclose clim
Jan. 8, 2024 - 11:27:52
‘Shrinkflation’ warnings, platform monopoly regulations
Proposed Bill: Partial Amendment to the Act on Labeling and Advertising of Foods Proposed by Rep. Hwang Hee (Democratic Party of Korea) ● An increasing number of food manufacturing companies have been reducing the volume of their products while maintaining or raising their prices. However, these cha
Jan. 1, 2024 - 16:14:17
Easing burden on subcontractors, protecting consumer interests
Proposed Bill: Partial Amendment to the Act on Special Measures for Strengthening the Competitiveness of, and Protecting National High-tech Strategic Industries Proposed by Rep. Yang Hyang-ja (Hope of Korea) ● In response to demands to diversify and strengthen government support for specialized comp
Dec. 27, 2023 - 13:16:26
Bills to promote software, high-tech industries
Proposed Bill: Partial Amendment to the Software Promotion Act Proposed by Rep. Yoon Doo-hyun (People Power Party) ● This amendment aims to minimize quality problems in software projects by allowing companies to participate in public domain software projects based on capacity. It exceptionally allow
Dec. 18, 2023 - 11:37:30
Gimpo-Seoul merger proposal, cord blood use for regenerative medicine
Proposed bill: Special Act on the Change of Jurisdiction of Gyeonggi Province and Seoul Metropolitan City Proposed by Rep. Cho Kyoung-tae (People Power Party) ● Due to its geographical location, Gimpo citizens interact more with Seoul than other parts of Gyeonggi Province, with a high percentage of
Dec. 11, 2023 - 15:14:00
Removing elevated railways, deferring taxation on inherited shares
Proposed bill: Special Act on the Transition of Elevated Metro Lines Including Line 1 of Seoul to Underground Lines Proposed by Rep. Lee In-young (Democratic Party of Korea) ● Elevated railways, such as Seoul Subway Line 1, are perceived to be the cause of noise pollution and safety issues. This bil
Dec. 4, 2023 - 13:16:18
Windfall tax on banks and urban infra refurbishment
Proposed bill: Partial Amendment to the Act on the Protection of Financial Consumers Proposed by Rep. Kim Sung-joo (Democratic Party of Korea) ● Persisting high prices and interest rates have benefited certain financial companies at the expense of financially vulnerable people and small-business ope
Nov. 27, 2023 - 14:51:00
Worksite emergency alarms, stricter construction supervision
Proposed bill: Partial Amendment to the Customs Act Proposed by Rep. Jin Sun-mee (Democratic Party of Korea) ● The alarming increase in the degree of brokerage fees paid by duty-free shop operators to promote the sales of their bonded goods has caused concern over the profitability and competitivene
Nov. 20, 2023 - 10:43:23
Tackling poor construction practices, promoting SME carbon neutrality
Proposed bill: Partial Amendment to the Construction Technology Promotion Act Proposed by Rep. Heo Jong-sik (Democratic Party of Korea) ● The recent collapse of an underground parking lot has brought to attention the need to remedy poor construction practices. This amendment reinforces the liability
Nov. 13, 2023 - 17:07:46
Broader offshore financial support, mobility regulatory sandbox
Proposed bill: Partial Amendment to the Fair Transactions in Franchise Business Act Proposed by Rep. Yu Eui-dong (People Power Party) ● Under the current act, franchisers can designate goods or services vital for trademark protection as “essential items” and require their franchisees to trade these
Nov. 6, 2023 - 11:46:57
Fighting trade theft, reinforcing depositor protection
Proposed bill: Partial Amendment to the Unfair Competition Prevention and Trade Secret Protection Act Proposed by Rep. Lee Yong-bin (Democratic Party of Korea) ● This bill aims to reinforce trade secret protection and prevent potential economic losses by offering monetary rewards to individuals who
Oct. 30, 2023 - 11:13:21
Protecting lessees in rental housing, tackling retailers‘ interference with suppliers’ affairs
Proposed bill: Partial Amendment to the Monopoly Regulation and Fair Trade Act Proposed by Rep. Kim Hee-gon (People Power Party) ● To clarify the standard for defining a “business group,” this amendment specifies the scope of business and extent of liability of the term “the same person.” Additional
Oct. 16, 2023 - 12:50:40
Curbing false information online, easing taxation on media production
Proposed bill: Partial Amendment to the Act on Promotion of Information and Communications Network Utilization and Information Protection Proposed by Rep. Yoon Doo-hyun (People Power Party) ● Disinformation is difficult to recognize but can be rapidly reproduced and distributed across various commun
Oct. 11, 2023 - 14:46:57
Eased land use within industrial complexes, tackling faulty construction
Proposed bill: Partial Amendment to the Industrial Sites and Development Act Proposed by Rep. Hong Suk-joon (Democratic Party of Korea) ● Industrial complexes are currently experiencing a decrease in competitiveness and a reduced inflow of young people due to dilapidated infrastructure and a lack of
Oct. 1, 2023 - 16:01:09
