Proposed Bill: Framework Act on National Data
Proposed by Rep. Jo Seoung-lae (Democratic Party of Korea)
- This bill would establish a legal foundation for designating and managing national data to enable its secure sharing and use across government ministries and public institutions.
Proposed Bill: Partial Amendment to the Software Promotion Act
Proposed by Rep. Lee Jeong-heon (Democratic Party of Korea)
- This bill would repeal the provision prohibiting companies belonging to business groups subject to cross-shareholding restrictions from participating in public software projects, regardless of project value.
Pending Bill: Partial Amendment to the Income Tax Act
Proposed by Rep. Song Eon-seog (People Power Party)
- This bill would eliminate income taxation on virtual assets by repealing the relevant provision.
Promulgated Bill: Enforcement Rule of the Occupational Safety and Health Act
Competent Authority: Ministry of Employment and Labor
- This promulgated bill defines the methods and procedures for risk assessments, broadens the scope of accident cause investigations to cover industrial accidents involving fires, explosions and collapses, and requires the Ministry of Employment and Labor to disclose accident investigation reports on its official website or through other channels.
Administrative Announcement: Partial Amendment to the Enforcement Decree of the Personal Information Protection Act
Competent Authority: Personal Information Protection Commission
- The draft amendment would impose administrative fines of up to 10 percent of total sales revenue for repeated or serious personal data breaches, while also providing mitigation for companies that have invested in personnel and facilities, allocated budgets and implemented other personal data protection measures.
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The Korea Herald republishes a weekly legislative report by local law firm D&A LLC to provide the latest information on bills approved, proposed, pending and set to be promulgated. — Ed.
For queries about the bills, contact cr@draju.com.
