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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?
Companies supporting child birth, redevelopment projects
Proposed Bill: Partial Amendment to the Act on the Improvement of Urban Areas and Residential Environments Proposed by Rep. Park Duk-hyum (People Power Party) ● The number of owners of most plots of land in major cities exceeds the number of owners allowed to directly or jointly implement a redevelo
Feb. 26, 2024 - 13:19:56
Stock investment promotion, wind power distribution
Proposed Bill: Partial Amendment to the Act on Restriction on Special Cases Concerning Taxation Proposed by Rep. Park Dae-chul (People Power Party) ● In consideration of the high interest rates and rising number of stock investors in the current economic landscape, this amendment proposes to cancel
Feb. 19, 2024 - 15:09:00
Prospective tenant protection, Busan global hub
Proposed Bills: Partial Amendment to the Special Act on Public Housing Proposed by Rep. Kim Byung-wook (Democratic Party of Korea) ● This amendment revises the pre-sale housing subscription system to decrease risks for prospective tenants. It ensures that pre-subscription for housing begins only aft
Feb. 12, 2024 - 11:23:51
‘Shrinkflation’ warnings, tax benefits for tech investment
Proposed Bill: Partial Amendment to the Act on Labeling and Advertising of Foods Proposed by Rep. Park Dae-chul (People Power Party) ● Food manufacturing companies have begun to reduce product volume or alter ingredient content in response to rising prices. To ensure consumers are informed of such c
Feb. 5, 2024 - 14:00:25
Bills on construction defect liability, contracts
Proposed Bill: Special Act on the Change of Jurisdiction of Hanam-gu from Gyeonggi-do to Seoul Metropolitan City Proposed by Rep. Lee Yong (People Power Party) ● This proposed bill backs up the ruling People Power Party‘s “megacity” scheme that intends to incorporate cities near Seoul into the capi
Jan. 29, 2024 - 12:16:44
Substitute holidays, solid fuel restrictions, tech leak prevention
Proposed Bill: Partial Amendment to the Act on Public Holidays Proposed by Rep. Yoo Gyeong-joon (People Power Party) ● The existing law does not specify a deadline for announcing the designation of substitute holidays, which has caused difficulties for people to plan for the holidays. Therefore, thi
Jan. 23, 2024 - 06:28:30
Bills to detect deepfakes, promote biogas use
Proposed Bill: Whole Amendment to the Act on the Protection and Use of Location Information Proposed by Rep. Hong Suk-joon (People Power Party) ● With the expansion of the mobility market based on location information, location information is being used in various fields to provide customized servic
Jan. 15, 2024 - 13:55:57
Bills to promote climate action, corporate restructuring
Proposed Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Kim Sung-joo (Democratic Party of Korea) ● As climate change responsiveness increasingly becomes an essential part of business operations, this amendment requires companies to disclose clim
Jan. 8, 2024 - 11:27:52
‘Shrinkflation’ warnings, platform monopoly regulations
Proposed Bill: Partial Amendment to the Act on Labeling and Advertising of Foods Proposed by Rep. Hwang Hee (Democratic Party of Korea) ● An increasing number of food manufacturing companies have been reducing the volume of their products while maintaining or raising their prices. However, these cha
Jan. 1, 2024 - 16:14:17
Easing burden on subcontractors, protecting consumer interests
Proposed Bill: Partial Amendment to the Act on Special Measures for Strengthening the Competitiveness of, and Protecting National High-tech Strategic Industries Proposed by Rep. Yang Hyang-ja (Hope of Korea) ● In response to demands to diversify and strengthen government support for specialized comp
Dec. 27, 2023 - 13:16:26
Bills to promote software, high-tech industries
Proposed Bill: Partial Amendment to the Software Promotion Act Proposed by Rep. Yoon Doo-hyun (People Power Party) ● This amendment aims to minimize quality problems in software projects by allowing companies to participate in public domain software projects based on capacity. It exceptionally allow
Dec. 18, 2023 - 11:37:30
Gimpo-Seoul merger proposal, cord blood use for regenerative medicine
Proposed bill: Special Act on the Change of Jurisdiction of Gyeonggi Province and Seoul Metropolitan City Proposed by Rep. Cho Kyoung-tae (People Power Party) ● Due to its geographical location, Gimpo citizens interact more with Seoul than other parts of Gyeonggi Province, with a high percentage of
Dec. 11, 2023 - 15:14:00
Removing elevated railways, deferring taxation on inherited shares
Proposed bill: Special Act on the Transition of Elevated Metro Lines Including Line 1 of Seoul to Underground Lines Proposed by Rep. Lee In-young (Democratic Party of Korea) ● Elevated railways, such as Seoul Subway Line 1, are perceived to be the cause of noise pollution and safety issues. This bil
Dec. 4, 2023 - 13:16:18
Windfall tax on banks and urban infra refurbishment
Proposed bill: Partial Amendment to the Act on the Protection of Financial Consumers Proposed by Rep. Kim Sung-joo (Democratic Party of Korea) ● Persisting high prices and interest rates have benefited certain financial companies at the expense of financially vulnerable people and small-business ope
Nov. 27, 2023 - 14:51:00
Worksite emergency alarms, stricter construction supervision
Proposed bill: Partial Amendment to the Customs Act Proposed by Rep. Jin Sun-mee (Democratic Party of Korea) ● The alarming increase in the degree of brokerage fees paid by duty-free shop operators to promote the sales of their bonded goods has caused concern over the profitability and competitivene
Nov. 20, 2023 - 10:43:23
