Legislation & Government Relations Consulting Center 2024-04-11
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Weekly Legislative Report (For the week of April 1, 2024 – April 5, 2024)

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. Pending Bill(s)

① Partial Amendment to the Telecommunications Business Act

This Amendment prohibits value-added telecommunications business operators from placing unfair or discriminative conditions on the usage or provision of networks or refusing to enter into contracts without just cause.

2. Promulgated Bill(s)

② Enforcement Decree of the Industrial Cluster Development and Factory Establishment Act

This Bill simplifies the calculation of development profits of an industrial complex structure improvement project to the increased value in land prices between the date of application for project approval and the date of application for the authorization of construction completion.

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

③ Partial Amendment to the Act on Consumer Protection in Electronic Commerce

This Amendment allows the Fair Trade Commission to suspend deliberation procedures for consumer damage relief upon the request of a business operator, introducing instead a consent order to deliberate corrective measures prepared by the business operator.

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

[Sedaily] Despite Claims of Difficulty in Preparing for the SAPA, Majority of Businesses Respond They Do Not Need Government Support, Indicating a Prevalence of “Safety-Insensitive Businesses”
[The Chosun Ilbo] 305 Small and Medium-Sized Entrepreneurs File Constitutional Appeal Against the SAPA
[Yonhap News] Ruling Party Pledges to Reintroduce Two-Year Grace Period for SAPA Application for Business with Fewer than 50 Employees

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