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.

Proposed Bill: Partial Amendment to the Act on Prohibition of Age Discrimination in Employment and Elderly Employment Promotion

Proposed by Rep. Kim Wi-sang (People Power Party)

● This amendment requires employers to provide continued employment in line with the national pension eligibility age, while leaving the choice of specific measures — such as extending the retirement age or rehiring retired employees — up to each company.

Proposed Bill: Partial Amendment to the Distribution Industry Development Act

Proposed by Rep. Yoon Joon-byeong (Democratic Party of Korea)

● This amendment extends by five years the sunset period for provisions on defining and registering quasi-superstores, as well as designating traditional commerce preservation areas.

Pending Bill: Partial Amendment to the Act on the Consumer Protection in Electronic Commerce

Proposed by the Government

● This amendment requires mail-order distributors and brokers to appoint domestic agents in Korea, who must handle consumer complaints or disputes and cooperate with Fair Trade Commission investigations into suspected legal violations.

Promulgated Bill: Special Act on the Promotion of Offshore Wind Power Distribution and Industry Development

Competent Authorities: Ministry of Economy and Finance; Ministry of Trade, Industry and Energy; and Ministry of Oceans and Fisheries

● This bill shifts offshore wind power development to a government-led model by mandating the Ministry of Trade, Industry and Energy and the Ministry of Oceans and Fisheries to operate a site information network, designate preliminary and development districts based on it, and select project operators for each district through tenders.

Administrative Announcement: Partial Amendment to the Enforcement Decree of the Act on Restriction on Special Cases Concerning Taxation

Competent Authority: Ministry of Economy and Finance

● This amendment raises the tax deduction rate for semiconductor investments by 5 percentage points and imposes enforcement charges on multinational corporations that refuse to submit materials during tax investigations

---

For any queries about the bills, contact cr@draju.com.