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 lc@draju.com.
1. Proposed Bill(s)
① Partial Amendment to the Act on the Promotion of Newspapers
This Amendment specifies the responsibility of online news services to provide fair and transparent news services and mandates the disclosure of status data on profit and loss related to news provision upon request of the government.
② Partial Amendment to the Financial Investment Services and Capital Markets Act
This Amendment prohibits individuals who engage in unfair trading practices, such as market price manipulation, from making new investments or opening a new account for up to 10 years.
2. Pending Bill(s)
③Partial Amendment to the Trade Union and Labor Relations Adjustment Act
This Amendment expands the coverage of the Act to include subcontractors, workers in special employment types, freelancers, platform workers, etc., and prohibits claims for compensation against trade unions or workers for damages resulting from collective bargaining or industrial actions, except in cases of direct damages caused by acts of violence or destruction.
3. Promulgated Bill(s)
④ Act on Special Measures for the Promotion of Venture Businesses
This Bill allows the issuance of multiple voting shares by a venture business.
4. Bill(s) Undergoing Pre-Announcement of Legislation/Administration
⑤ Partial Amendment to the Enforcement Decree of the Installation and Utilization of Sports Facilities Act
This Amendment deletes the provisions of the prior Enforcement Decree that require sports facility business entities that operate motor race courses, sledding slopes, or golf driving ranges to restrict the size of the site area.
5. Serious Accidents Punishment Act ("SAPA") Related Editorials and Columns from Major Dailies
