Weekly Legislative Report for the week of Apr 11, 2022 – Apr 15, 2022
As the first-ever Korean law firm to issue specialized legislative journals, DR & AJU LLC has been publishing the monthly Policy & Business (P&B) Report since August 2019. The P&B Report provides analyses of plenary sessions of the National Assembly, as well as standing committee and subcommittee meetings. In addition, the firm has been co-hosting the Future Leaders Forum with the Herald Business, inviting chairpersons of standing committees to discuss relevant legislative issues and tasks.
As an extension of this service, DR & AJU has also been issuing the Weekly Legislative Report, which covers various legal issues at the center of public debate along with editorials and columns on the Serious Accidents Punishment Act (“SAPA”) from major daily news outlets. The report will be released with an update on newly proposed or pending bills. Enclosed is this week’s legislative report, and please refer to the P&B Report for further details.
If you wish to subscribe to the P&B Report or have any other queries, please contact us at pr@draju.com.
1. Proposed Bill(s)
① Partial Amendment to the Act on the Promotion of Mutually Beneficial Cooperation Between Large Enterprises and Small and Medium Enterprises
This Amendment mandates the inclusion of (i) the types and prices of major raw materials; and (ii) the adjustment of the prices of the delivered goods according to changes in prices of raw materials in written agreements prepared when large enterprises commission the manufacture of goods, etc., to small and medium-sized enterprises.
② Partial Amendment to the Housing Act
This Amendment stipulates that in cases of housing supplied by conglomerates with financial capacity (such as large construction companies with a construction capacity of more than KRW 1 trillion) and public housing business operators, the resident recruitment can only begin after the construction process of housing reaches 90/100 of the total process.
2. Pending Bill(s)
③ Fairness in Online Platform Intermediary Transactions Act
This Bill stipulates the obligation to deliver online platform intermediary contracts, standards of unfair trade practices by online platform intermediaries, dispute resolution systems between business operators, the Korea Fair Trade Commission (“KFTC”)’s investigation and processing of violations, and online platform intermediaries’ liability for damages incurred by the violations.
3. Promulgated Bill(s)
④ Enforcement Decree of the Environmental Health Act
This Bill aims to strengthen environmental safety management standards for children's activity areas by limiting the standard for the content of lead from 0.06% or less to 0.009% or less in paint or finishing materials used in children's activity areas.
4. Bill(s) Undergoing Pre-Announcement of Legislation/Administration
⑤ Proposed Enforcement Decree of the Port Safety Special Act
This Bill defines accidents that occur in the harbor transport business, which fall under the requirements of serious industrial accidents, as “harbor safety accidents.”
5. Serious Accidents Punishment Act ("SAPA") Related Editorials and Columns from Major Dailies
