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 Mutually Beneficial Cooperation Between Large Enterprises and Small and Medium Enterprises
This Amendment raises the maximum compensation for the misuse of technical data from three times the damage amount to five times the damage amount.
② Partial Amendment to the Act on the Consumer Protection in Electronic Commerce
This Amendment prescribes that if a consumer purchases a subscription service, such as an OTT media streaming service or a paid shopping membership, but does not use the service during the billing cycle, the subscription period may be carried over to the subsequent billing cycle.
2. Pending Bill(s)
③ Framework Act on Service Industry Development
This Bill stipulates the formulation of a master plan for the development of the service industry, the establishment of the Service Industry Advancement Committee as a joint public-private committee to act as a control tower to policies related to the service industry, and supportive measures aimed to improve regulations and facilitate research and development in the service industry.
3. Promulgated Bill(s)
④ Framework Act on Broadcasting Communications Development
This Act includes platform business operators and data center operators whose size exceeds a certain level into the category of major broadcasting communication business entities, which are subject to the government's management system for disaster prevention, training, response, and restoration.
4. Bill(s) Undergoing Pre-Announcement of Legislation/Administration
⑤ Partial Amendment to the Enforcement Rules of the Special Act on Private Rental Housing
This Amendment enables a lessee to terminate the rental agreement and claim compensation when the rental business operator does not purchase a guarantee for a rental security deposit.
5. Serious Accidents Punishment Act ("SAPA") Related Editorials and Columns from Major Dailies
