National
Bills in Focus In series
A weekly report by the law firm D&A providing the latest information on bills
#Assmebly
# D&A
Would you like to subscribe?
Bills in Focus In series
A weekly report by the law firm D&A providing the latest information on bills
Would you like to subscribe?
Outlink system for news providers, stronger mobile protection services
Proposed Bill: Partial Amendment to the Act on the Promotion of Newspapers Proposed by Rep. Choi Min-hee (Democratic Party of Korea) ● This bill would introduce an outlink system under which users who click the news articles on portal sites are redirected to the news providers’ websites. It would also require foreign portal service providers offering news services in Korea to register as online news service providers. Proposed Bill: Partial Amendment to the Telecommunications Business Act Propos
Sept. 22, 2025 - 11:04:25Protecting employers, exempting management from breach of trust
Proposed Bill: Partial Amendment to the Trade Union and Labor Relations Adjustment Act Proposed by Rep. Kim Eun-hye (People Power Party) ● This bill would prohibit trade unions from occupying workplace facilities and allow employers to use replacement labor during strikes. Proposed Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Kim Hyun-jung (Democratic Party of Korea) ● This bill would require any person acquiring 25 percent or more of a co
Sept. 15, 2025 - 14:10:12Creating short-term private rental housing, bird strike prediction system
Proposed Bill: Partial Amendment to the Act on the Protection of Financial Consumers Proposed by Rep. Kim Hyun-jung (Democratic Party of Korea) ● This bill would expand the scope of application of the act to cover all mutual finance institutions, including agricultural cooperatives and community credit cooperatives. Proposed Bill: Partial Amendment to the Special Act on Private Rental Housing Proposed by Rep. Bok Ki-wang (Democratic Party of Korea) ● This bill would allow the construction of apa
Sept. 8, 2025 - 13:33:22Increasing transparency in private equity, redefining 'worker,' 'employer'
Proposed Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Han Chang-min (Social Democratic Party of Korea) ● This bill would strengthen disclosure obligations for private equity funds, restrict their involvement with the national pension fund, require the establishment of a conflict-of-interest prevention system and regulate leveraged buyouts. Proposed Bill: Partial Amendment to the Act on Restriction on Special Cases Concerning Taxation Propo
Sept. 1, 2025 - 12:56:37Promoting workplace safety, steel industry
Proposed Bill: Partial Amendment to the Occupational Safety and Health Act Proposed by Rep. Hwang Myeong-seon (Democratic Party of Korea) ● This bill would require business owners who, by violating statutory safety standards, cause harm to the life or physical integrity of workers to compensate up to three times the actual damage. Proposed Bill: Partial Amendment to the Foreign Investment Promotion Act Proposed by Rep. Kim Won-i (Democratic Party of Korea) ● This bill would clarify the legal bas
Aug. 25, 2025 - 14:04:26Supporting steel industry, tackling probabilistic game items
Proposed Bill: Act on the Issuance and Distribution of Value-Stable Digital Assets Proposed by Rep. Ahn Do-geol (Democratic Party of Korea) ● This bill seeks to provide an institutional foundation for the issuance and distribution of stablecoins by introducing an authorization system for issuers, establishing requirements for the holding and management of reserve assets, and imposing public disclosure obligations on issuers. Proposed Bill: Special Act on Strengthening the Competitiveness of the
Aug. 18, 2025 - 13:09:01Cancellation of treasury stocks, support for semiconductor industry
Proposed Bill: Partial Amendment to the Commercial Act Proposed by Rep. Choi Eun-seok (People Power Party) ● This bill would introduce shareholder rights plans (poison pills), allow the issuance of dual-class shares, introduce veto-right shares and codify the business judgment rule to expand measures to defend corporate control. Proposed Bill: Partial Amendment to the Commercial Act Proposed by Rep. Kim Hyun-jung (Democratic Party of Korea) ● This bill would mandate the immediate cancellation of
Aug. 4, 2025 - 11:41:27Enhancing shareholder returns, redefining worker, employer
Proposed Bill: Partial Amendment to the Commercial Act Proposed by Rep. Cha Gyu-geun (Rebuilding Korea Party) ● This bill seeks to enhance shareholder returns by requiring companies to cancel treasury shares within six months of acquisition and prohibiting the allocation of new shares to treasury stock in the event of an equity spinoff. Proposed Bill: Partial Amendment to the Commercial Act Proposed by Rep. Kim Tae-nyeon (Democratic Party of Korea) ● This bill would repeal the provision on speci
July 29, 2025 - 12:36:05Mandatory USIM encryption, penalties for safety negligence
Proposed bill: Partial Amendment to the Personal Information Protection Act Proposed by Rep. Kim Woo-young (Democratic Party of Korea) ● This bill would expand requirements for mandatory encryption, currently limited to personally identifiable information and biometric data, to include USIM-related data. Proposed bill: Special Act on Construction Safety Proposed by Rep. Moon Jin-seog (Democratic Party of Korea) ● This bill would impose a business suspension of up to one year or a penalty surchar
July 21, 2025 - 13:42:14Strengthening domestic agent system, savings banks
Proposed Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Min Byoung-dug (Democratic Party of Korea) ● This bill would expand the scope of underlying assets for financial investment instruments and trust property to include virtual assets, laying the groundwork for the introduction of spot virtual asset exchange-traded funds in Korea. Proposed Bill: Partial Amendment to the Act on Promotion of Information and Communications Network Utilization
July 14, 2025 - 14:07:19Flexible work hour system, AI industry support
Proposed Bill: Partial Amendment to the Labor Standards Act Proposed by Rep. Kim So-hee (People Power Party) ● The bill would extend the maximum application period for flexible and selective work-hour systems to one year. It would also allow the labor and management to choose the unit period for calculating extended work hours from weekly, monthly, quarterly, semi-annual or annual options. Proposed Bill: Special Act for the Promotion of the Artificial Intelligence Industry and Advancement to Glo
July 7, 2025 - 14:15:55Witness summons expansion, SMR technology support
Proposed Bill: Partial Amendment to the Act on Testimony and Appraisal Before the National Assembly Proposed by Rep. Choi Min-hee (Democratic Party of Korea) ● The bill would expand the scope of authority to issue an order of accompaniment of a witness adopted by the National Assembly to include plenary sessions of standing committees and other general cases. It would also impose administrative fines on witnesses who fail to attend without a justifiable reason or fail to comply with an order of
June 30, 2025 - 14:57:55Shareholder voting rights, private equity fund limit
Proposed Bill: Partial Amendment to the Commercial Act Proposed by Rep. Lee Jung-mun (Democratic Party of Korea) ● The bill would broaden the scope of directors’ duty of loyalty to include shareholders as well as the company, and limit the largest shareholder’s voting rights to 3 percent when appointing audit committee members. Proposed Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Kim Hyun-jung (Democratic Party of Korea) ● The bill would
June 23, 2025 - 12:25:39Promoting sustainable, innovative growth in local industries
Proposed Bill: Act on the Establishment and Operation of the Southeastern Regional Industrial Investment Corporation Proposed by Rep. Min Byoung-dug (Democratic Party of Korea) ● This bill would establish the Southeastern Regional Industrial Investment Corporation to boost industrial competitiveness and support the sustainable growth of local businesses, with approximately 3 trillion won ($2.2 billion) in capital contributed by public institutions. Proposed Bill: Partial Amendment to the Financi
June 16, 2025 - 13:18:35Local mobile content provider protection, secondary battery industry support
Proposed Bill: Partial Amendment to the Telecommunications Business Act Proposed by Rep. Choi Min-hee (Democratic Party of Korea) ● This bill would bar global app market operators such as Google and Apple from retaliating against mobile content providers who report violations, including the coercive use of specific in-app payment systems. Offenders could face punitive damages of up to three times the resulting losses. Proposed Bill: Partial Amendment to the Korea Development Act Proposed by Rep.
June 9, 2025 - 13:14:34
