Legislation & Government Relations Consulting Center 2024-04-24
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Weekly Legislative Report (For the week of April 15, 2024 – April 19, 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 Financial Investment Services and Capital Markets Act

This Amendment extends distribution regulations to all categories of securities, including investment contract securities, and allows diverse institutions to broker off-board transactions of investment contract securities.

2. Promulgated Bill(s)

② Enforcement Decree of the Act on Employment Security Support Following Industrial Transformation

This Bill requires the government to assess and investigate the impact that industrial transition has on employment every five years. It also proposes operating training programs for developing vocational skills and providing reemployment support for employers and workers.

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

③ Enactment Bill to the Enforcement Decree of the Framework Act on Supply Chain Stabilization Support for Economic Security

This Bill proposes operating and managing an early-warning system to monitor domestic and international supply and demand trends, price fluctuations, production volume changes of materials and raw materials, policy shifts by foreign governments and corporations, and potential challenges in the logistics, payment, and settlement process.

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

[The Chosun Ilbo] Workers’ Right to Stop Work Exercised over 300,000 Times Within Three Years After Being Fully Guaranteed by Samsung C&T
[Money Today] Constitutional Court to Determine Unconstitutionality of SAPA … First Hearing in History
[The Munwha Ilbo] Strengthening Evaluation Weighting of Safety and Quality Management in Public Construction Evaluation 

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