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Bills in Focus In series
A weekly report by the law firm D&A providing the latest information on bills
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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?
Support for small air services, safe environment for AI
Proposed Bill: Partial Amendment to the Act on Restriction on Special Cases Concerning Taxation Proposed by Rep. Park Choong-kwon (People Power Party) ● This amendment extends the sunset date of the special provision of tax deduction related to national strategic technologies, including semiconducto
June 17, 2024 - 11:31:14
Textile waste, rights for electronic person
Proposed Bill: Partial Amendment to the Act on Promotion of Transition to Circular Economy and Society Proposed by Rep. Jang Hye-yeong (Green Justice Party) ● According to data from the Ellen MacArthur Foundation in 2017, the global clothing production volume has surged by 400 percent over the last
June 10, 2024 - 11:49:57
Improvements for working condition, cultural diversity
Proposed Bill: Partial Amendment to the Act on the Management of Public Institutions Proposed by Rep. Song Ki-hun (Democratic Party of Korea) ● The current Act requires the Minister of Economy and Finance to evaluate the management performance of public enterprises and quasi-governmental institution
June 3, 2024 - 13:24:52
Tax exemption for strategic tech, subcontracted labor protection
Proposed Bill: Partial Amendment to the Labor Standards Act Proposed by Rep. Yang Kyung-kyoo (Green Justice Party) ● As of March 2023, the Ministry of Employment and Labor’s employment type disclosure system revealed that companies with 300-500 employees hire 25.2 percent of their workforce directly
May 27, 2024 - 14:36:37
Support for Saemangeum Project, platform monopoly regulations
Proposed Bill: Partial Amendment to the Special Act on Promotion and Support for Saemangeum Project Proposed by Rep. Lee Won-taeg (Democratic Party of Korea) ● The Saemangeum Project, launched in 1989, is an ongoing national project designed to develop an economic hub for business and tourism. Unlik
May 20, 2024 - 11:24:32
Bills to boost construction investment, AI business
Proposed Bill: Partial Amendment to the Restitution of Development Gains Act Proposed by Rep. Suh Bum-soo (People Power Party) ● In 2023, construction permits were issued for a total area of land 25.6 percent smaller than last year, while the area of land under construction also decreased by 31.7 pe
May 13, 2024 - 13:00:40
Multilateral off-board trading, industrial transformation support
Pending Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Yun Chang-hyun (People Power Party) ● Under the Financial Investment Services and Capital Markets Act, only regulations concerning issuance apply to investment contract securities due to their at
April 29, 2024 - 11:22:53
Power grid expansion, recycling support
Pending Bill: Special Act on the Expansion of the National Power Grid Proposed by Kim Sung-won (People Power Party) ● The evolving electricity production and high-tech industries have called for expanding the national power grid to address the increased supply of renewable energy and the need for a
April 22, 2024 - 11:30:49
Network usage fees, consumer protection from foreign online platforms
Pending Bill: Partial Amendment to the Telecommunications Act Proposed by Rep. Jun Hye-sook (Independent) ●Recently, concerns have been raised over the low network usage fees paid in Korea by global IT firms, such as Google and Facebook, compared to what these operators pay in other countries, such
April 15, 2024 - 15:00:51
Display of in-game items, future car development
Pending Bill: Partial Amendment to the Income Tax Act Proposed by Rep. Park Dae-chul (People Power Party) ●This amendment proposes canceling the planned implementation of the financial income tax system next year, which imposes a 20-25 percent tax on capital gains from investments in financial inves
April 8, 2024 - 12:00:45
Game user protection, fostering AI industry
Proposed Bills: Partial Amendment to the Game Industry Promotion Act Proposed by Rep. Kim Seung-su (People Power Party) ●This amendment ensures users can receive compensation for damages caused by intentional indication of misinformation for probabilistic game items by introducing a punitive damages
April 1, 2024 - 13:44:29
Infrastructure building in new cities, retail industry deregulation
Proposed Bill: Partial Amendment to the Special Act on Public Housing Proposed by Rep. Seo Il-jun (People Power Party) ● The lack of major transportation infrastructure in new cities is inconvenient for residents. This amendment modifies the timeframe for formulating improvements in metropolitan tra
March 25, 2024 - 12:37:30
Fostering hydrogen, mobility technologies, investor protection
Proposed Bill: Partial Amendment to the Act on Special Measures for Strengthening the Competitiveness of, and Protecting National High-tech Proposed by Rep. Lee Won-wook (New Reform Party) ● Hydrogen and mobility technologies have recently gained global prominence as a way to tackle climate change a
March 18, 2024 - 11:36:27
Bills to promote strategic technologies, fair app market
Proposed Bill: Partial Amendment to the Telecommunications Business Act Proposed by Rep. Lee Kai-ho (Democratic Party of Korea) ● To promote fair market order in the app market and prevent app market business entities from taking unfair advantage of their transactional position, this amendment prohi
March 11, 2024 - 11:08:30
Tax relief for birth benefits, green light for local logistics facilities
Proposed Bill: Partial Amendment to the Telecommunications Business Act Proposed by Rep. Yoon Doo-hyun (People Power Party) ● To ensure consumers are protected after the abolition of the Mobile Device Distribution Improvement Act, this amendment transfers provisions related to selective contract dis
March 4, 2024 - 13:28:32
