Legislation & Government Relations Consulting Center 2023-04-12
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Weekly Legislative Report (For the week of April 3, 2023 – April 7, 2023)

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 Act on Preventing Death from Overwork and Support for Work-hours Reduction

This Amendment requires the State and local governments to provide subsidies for all or part of the expenses necessary for business entities to shorten legal working hours under the Labor Standards Act. 

② Partial Amendment to the Microfinance Support Act 

This Amendment enables the residual unused amount of an electronic prepayment, of which an extinctive prescription has been completed, to be contributed to the Self-Sufficiency Account and used as a source for business projects.

2. Pending Bill(s)

 Partial  Amendment to the Act on Special Measures for the Promotion of Venture Businesses 

This Amendment establishes grounds for the issuance of multiple voting shares of venture businesses.

3. Promulgated Bill(s)

④ Enforcement Decree of the Local Tax Collection Act

This Enforcement Decree enables lessees to peruse details of the lessor's unpaid local taxes without their permission from any local government.

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

⑤ Partial Amendment to the Enforcement Decree of the Framework Act on Broadcasting Communications Development

This Amendment includes value-added telecommunications business operators and Internet data center operators in the scope of major broadcasting communication business operators that are subject to the establishment and implementation of master plans for the management of disasters in broadcasting communications.

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

[Kukmin Ilbo] Tomorrow Brings First Ruling on a SAPA Case ... Will the CEO Face Punishment?
[MAEIL Shinmun] Who Would Want to Run a Business in an Environment Where Punishment "Prevails" Under the SAPA
[The Kyunghyang Shinmun] The Serious Accidents Expert Network Says, "The Prosecution's Indictment of the Chairperson Conforms to the SAPA Purpose"
[The Hankyoreh] The Meaning and Challenges of the First Case in Which a Group Owner Has Been Indicted Under the SAPA

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