
Proposed Bill: Partial Amendment to the Food Sanitation Act
Proposed by Rep. Nam In-soon (Democratic Party of Korea)
● This amendment requires the labeling of genetically modified food products even if genetically engineered proteins no longer remain. It also allows food products that do not use genetically engineered ingredients to be labeled as non-GM foods.
Proposed Bill: Partial Amendment to the Electric Utility Act
Proposed by Rep. Hwang Jung-a (Democratic Party of Korea)
● This amendment adds research and development as a category in the electric rate system and stipulates that the rates for electricity used for R&D must not exceed the rates for agricultural use.
Pending Bill: Special Act on Strengthening Competitiveness and Promoting Innovative Growth in the Semiconductor Industry
Proposed by Rep. Lee Chul-gyu (People Power Party)
● This amendment enables governments to provide industrial infrastructure with financial support to bolster the semiconductor industry. It also allows R&D workers in the semiconductor industry to be excluded from the 52-hour weekly working limit.
Promulgated Bill: Community Credit Cooperatives Act
Competent Authority: Minister of the interior and safety
● This bill limits the role of the chairperson of the Korean Federation of Community Credit Cooperatives to external activities and board chair duties. It also changes the term limit from two consecutive terms to a single four-year term.
Administrative Announcement: Partial Amendment to the Enforcement Decree of the River Act
Competent Authority: Ministry of Environment
● This amendment includes emergency construction work in the scope of river works exempt from the requirement to formulate an action plan.
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The Korea Herald republishes a weekly legislative report by local law firm DR & AJU LLC to provide the latest information on bills approved, proposed, pending and set to be promulgated. -- Ed.
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For any queries about the bills, contact cr@draju.com