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 Promotion of Information and Communications Network Utilization and Information Protection
This Amendment holds providers of information and communication services responsible for preventing the distribution of disinformation and misinformation and designating persons in charge of this task.
② Partial Amendment to the Act on Restriction on Special Cases Concerning Taxation
This Amendment raises the tax deduction rate for media content production costs to be similar to the rates of other countries, setting it at 30%.
2. Pending Bill(s)
③ Partial Amendment to the Framework Act on the Construction Industry
This Amendment extends the maximum period of business suspension for failure to perform obligations from six months to one year and raises the maximum penalty surcharge from KRW 100 million to KRW 200 million. It also doubles the amount of penalty surcharges for faulty construction by intention or negligence from KRW 500 million to KRW 1 billion.
3. Promulgated Bill(s)
④ Enforcement Rule of the Medical Service Act
This Bill requires medical institutions to video-record surgeries upon the request of the patient or their next of kin and store the record for at least 30 days.
4. Bill(s) Undergoing Pre-Announcement of Legislation/Administration
⑤ Partial Amendment to the Telecommunications Business Act
This Amendment enables value-added telecommunications business operators, including digital platform service operators and organizations of such business operators, to write and implement autonomous agreements to foster a sound transaction environment, promote innovation, protect users, and establish mutual cooperation autonomously or through a private platform self-control organization. It also allows the government to support the self-control activities of value-added telecommunications business operators or organizations of such business operators.
5. Serious Accidents Punishment Act ("SAPA") Related Editorials and Columns from Major Dailies
