Legislation & Government Relations Consulting Center 2022-05-31
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P&B Report - May 2022 Issue

DR & AJU Legislation & Government Relations Consulting Center’s latest issue of its specialized legislative journal, the Policy & Business Report, is now available in digital format.

Four months after the implementation of the Serious Accidents Punishment Act, the Government collects opinions from labor and business circles regarding the Serious Accidents Punishment Act.

On May 31, 2022, the Legislative Strategy Center (represented by Head of the Center Dong Eon CHA) of DR & AJU LLC (represented by Managing Partner Kyu Chul LEE) released the May 2022 issue of the specialized legislative journal, the Policy & Business (P&B) Report.

Mr. Dong Eon CHA, head of the Legislative Strategy Center, stated, “As four months have passed since the implementation of the Serious Accidents Punishment Act (“SAPA”), the Government is collecting opinions from business and labor circles regarding the law.” He observed that “according to several media sources, economic organizations strongly request clarification of the target and scope of the responsible managing officer, as well as the introduction of immunity if a responsible managing officer fulfilled the duties of ensuring safety and health on the working site.”

Mr. Seung Cheol LEE, a Senior Advisor at DR & AJU, pointed out, “according to the result of the factual survey conducted by the Korea Chamber of Commerce and Industry, only 30.7% of the total corporations responded that they understood the contents of the SAPA and were able to respond and 68.7% responded that they didn’t understand the law and had difficulties in responding.” Mr. Lee further stated that “the problem is that the SAPA failed to reduce the number of safety accidents” and proposed that “It is time to devise a practical prevention system where workers can participate, rather intimidating the work site with the convenient method of punishing responsible management.”

As the first-ever Korean law firm to issue specialized legislative journals, DR & AJU LLC has been publishing the monthly Policy & Business Report since August 2019. Based on a comprehensive evaluation of the legislation proposed to the National Assembly Subcommittee, Standing Committee, and Plenary Session from April 15, 2022 to May 14, 2022, the May 2022 issue of the P&B Report selects and analyzes legislation that significantly impacts corporate activities. Especially for major Acts, key quotes from legislators, members of the Standing Committee, and government officials are included.

Mr. Kyu Chul LEE, the Managing Partner of DR & AJU, said, “DR & AJU established the Serious Accidents Practice Group in early 2021 to help corporate executives better mitigate the potential legal risks posed by the new Serious Accidents Punishment Act (“SAPA”), which came into effect on January 27, 2022. Mr. Lee stressed, “Drawing on our experience and practical expertise, we will provide full legal support by preemptively conducting a thorough examination on the reinforced safety and health obligations and proposing effective countermeasures against various upcoming difficulties for businesses to prevent problems after the law’s implementation.”

*Please download the PDF file for further information. (Korean)