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 Labor Standards Act
This Amendment exempts workers with high income from the 52-hour workweek system and extends overtime hours from the current weekly basis to a monthly or yearly basis.
② Partial Amendment to the Act on Special Measures for Strengthening the Competitiveness of Materials, Components, and Equipment Industries
This Amendment adds policies for stabilizing the supply chain to the scope of the Master Plan to Strengthen Competitiveness of Materials, Components, and Equipment Industries, expands the scope of related institutions to agencies under the control of the President, and newly establishes the Special Committee on Supply Chain Risk Response under the Committee on Strengthening the Competitiveness of Materials, Components, and Equipment.
2. Pending Bill(s)
③ Partial Amendment to the Trade Union and Labor Relations Adjustment Act
This Amendment prohibits claims for damages caused by collective bargaining and industrial actions of trade union against workers or a trade union, unless they were direct damages caused by acts of violence or destruction. This Amendment also expands the Act’s scope of application to include subcontractors, workers in special employment types, freelancers, platform workers, etc.
3. Promulgated Bill(s)
④ Enforcement Rule of the Act on the Promotion of Saving and Recycling of Resources
This Enforcement Rule provides the matters mandated by the Promotion of Saving and Recycling of Resources, such as restricting the use of plastic straws, paper cups, and plastic swizzle sticks in cafes with a store area larger than 33 square meters.
4. Bill(s) Undergoing Pre-Announcement of Legislation/Administration
⑤ Partial Amendment to the Enforcement Decree of the Licensed Real Estate Agents Act
This Amendment deletes the minimum KRW 50 million capital requirement from the conditions for establishing a real estate brokerage corporation.
5. Serious Accidents Punishment Act ("SAPA") Related Editorials and Columns from Major Dailies
