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 Whole Amendment to the Act on the Protection and Use of Location Information
This Amendment unifies the system that differentiates between location information providers and location-based service providers and eases the entry regulation to a reporting system.
② Partial Amendment to the Act on Promotion of Information and Communications Network Utilization and Information Protection
This Amendment requires the inclusion of a watermark on deep fake content (including both sounds and images) that is shared through information and communication networks. In case of a violation, this Amendment imposes an administrative fine of up to KRW 10 million and mandates the removal of the content.
2. Pending Bill(s)
③ Partial Amendment to the Serious Accidents Punishment Act
This Amendment prolongs the deferment of the application of the Act to businesses with fewer than 50 employees for an additional two years.
3. Promulgated Bill(s)
④ Act on the Promotion of the Production and Use of Biogas from Organic Waste Resources
This Bill sets the mandatory biogas production target at 50% by 2025 for mandatory biogas producers in the public sector and 10% by 2026 for those in the private sector. It introduces penalty surcharges for non-compliance with the production targets but allows producers to achieve the required amount through the purchase of other biogas producers’ biogas, direct production, and commissioning production.
4. Bill(s) Undergoing Pre-Announcement of Legislation/Administration
⑤ Partial Amendment to the Enforcement Decree of the Monopoly Regulation and Fair Trade Act
This Amendment allows natural persons to be designated as the head of a company, regardless of their nationality being foreign, instead of a legal person, if the person who has de facto control over the company invests in a domestic affiliate or if their relative holds stocks or participates in company management.
5. Serious Accidents Punishment Act ("SAPA") Related Editorials and Columns from Major Dailies
