Legislation & Government Relations Consulting Center 2022-04-11
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Weekly Legislative Report (For the week of Mar 28, 2022 – Apr 1, 2022)

Weekly Legislative Report for the week of  Mar 28, 2022 – Apr 1, 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

1. Proposed Bill(s)
① Partial Amendment to the Commercial Act

This Amendment adds “shareholders’ proportional interest” to the subject of directors’ duty of loyalty.

② Partial Amendment to the Serious Accidents Punishment Act

This Amendment adds field trainees to the scope of workers and mandates workplaces with less than five employees to be subject to the Act if field trainees are practicing therein.

2. Pending Bill(s)

③ Partial Amendment to the Framework Act on the Construction Industry

This Amendment adds construction companies to the scope of punishment subjects, which currently includes subcontractors only. The Amendment strengthens the standards for registration cancellation to ten years from the date of receiving the business suspension disposition or the imposition of fines. If violations by subcontractors occur twice or more within five years from the disposition date, the registration will be cancelled.

3. Promulgated Bill(s)

④ Enforcement Decree of the Framework Act on Carbon Neutrality and Green Growth for the Climate Crisis

This Bill stipulates the 2050 Carbon Neutrality Vision and Nationally Determined Contributions (“NDC”) to reduce greenhouse gas emissions by 40% from 2018 levels.

4. Bill(s) Undergoing Pre-Announcement of Legislation/Administration

⑤ Partial Amendment to the Regulations on Housing Construction Standards

This Amendment strengthens the standard of floor impact sound to 49dB and changes the method to measure the floor impact sound from a bang machine (tire) to an impact ball (rubber ball).

5. Serious Accidents Punishment Act ("SAPA") Related Editorials and Columns from Major Dailies

[Korea Economic Daily] Ministry of Employment and Labor Scrambles to Attend to SAPA Side Effects
[Hankyoreh] Concerns by the Presidential Transition Committee Must Not Lead to SAPA Backpedaling
[Seoul Shinmun] Serious Accidents Recurring Among the Same Companies
[Korea Economic Daily] Applicants for Qualifications on the Rise in the Age of the SAPA

*For more details, please download the PDF file attached.