Legislation & Government Relations Consulting Center 2023-08-02
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Weekly Legislative Report (For the week of July 24, 2023 – July 28, 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 Partial Amendment to the Broadcasting Act

This Amendment exempts television receivers that do not receive KBS broadcasts from total or partial TV license fee payment.

② Partial Amendment to the Community Credit Cooperatives Act 

This Amendment transfers the authority to supervise credit and mutual-aid businesses of Community Credit Cooperatives from the Ministry of the Interior and Safety to the Financial Services Commission, enabling the Financial Services Commission to directly supervise and order such businesses.

2. Pending Bill(s)

③ Partial Amendment to the Patent Act

This Amendment establishes a new evidence collection system that allows the examination of evidence in a patent infringement lawsuit.

3. Promulgated Bill(s)

④ Enforcement Decree of the Foreign Investment Promotion Act

This Amendment provides cash grants to foreign investors who replace existing facilities to operate a high-tech business.

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

⑤ Partial Amendment to the Enforcement Decree of the Restitution of Development Gains Act

This Amendment raises the minimum land area of development projects authorized between September 1, 2023, and the end of December 2024, in metropolitan cities (excluding Seoul Metropolitan City) and Sejong City that are subject to the imposition of development charges by 51.5 percent from 660 square meters to 1,000 square meters.

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

[Maeil Business News] Construction Sites Sinking into the Pit of the SAPA: Accidents Persist Despite Spending Additional KRW 50 Billion on Safety
[Yonhap News] The Justice Party Vows to "Submit an Amendment to the SAPA to 'Prevent the Recurrence of the Osong Accident'”
[Sedaily] Struggling with Unpayable Debts, Companies Sigh at Expensive Consulting Costs

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