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Legislative Strategy Center 2022-06-23
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Weekly Legislative Report (For the week of June 13, 2022 – June 17, 2022)

Weekly Legislative Report for the week of  ㅡJune 13, 2022 – June 17, 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 Serious Accidents Punishment Act

This Amendment reduces punishment on business operators and responsible management personnel for industrial accidents if the corporations had obtained certification from the Minister of Justice by “standardizing work environments” and “establishing information and communication technology facilities to detect and prevent serious accidents.”

② Partial Amendment to the Fair Transactions in Subcontracting Act

This Amendment stipulates that when the price of the main raw material exceeds the standard price, the payment of supply prices shall be adjusted according to the adjustment method entailed in the contract. The Amendment imposes fines up to twice the adjusted amount of the supply price in case of violation.


2. Pending Bill(s)

③ Act on Support for Renewal of Decrepit New Towns

This Bill defines a “decrepit new town” as a new town from the 1st and 2nd generation that had been developed over ten years ago. The Bill seeks to promote the development of these new towns by easing various regulations.


3. Promulgated Bill(s)Promulgated Bill(s)

④ Enforcement Decree of the Fair Transactions in Franchise Business Act

This Bill obliges franchise headquarters to obtain the consent of at least 50% of the franchisees for advertisements and 70% for promotional events. The Bill imposes administrative fines on those who fail to notify the details of the expenses incurred in the promotion and comply with the request for inspection thereon.


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

⑤ Partial Amendment to the Enforcement Decree of the Act on the Management of Public Institutions

This Amendment obliges 130 public institutions to appoint employees representatives to the board of directors (nonexecutive) following the implementation of the Board Level Employee Representation System.


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

[Chosun Biz] People Power Party’s Proposed Amendment to the SAPA… Answer Lies in Implementing “Certificate Procedure” as Requested by the Business Community
[The Financial News] Democratic Party of Korea Accuses People Power Party’s SAPA Proposed Amendment as an Attempt to Annul the Law
[The Dong-a Ilbo] SAPA Case No.1, Sampyo Industry CEO Transferred for Prosecution
[Yonhap News] Six Out of Ten Incheon Companies Are Confused About How to Prepare for the SAPA

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