Legislation & Government Relations Consulting Center 2024-05-22
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Weekly Legislative Report (For the week of May 13, 2024 – May 17, 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. Proposed Bill(s)

① Partial Amendment to the Labor Standards Act

This Amendment ensures the succession of a worker’s rights and obligations when the subcontractor changes in a contracting project.

2. Pending Bill(s)

② Partial Amendment to the Act on Restriction on Special Cases Concerning Taxation

This Amendment extends the provision of tax exemption for research and development expenses and facility investment related to national strategic technologies by six years until December 31, 2030. 

3. Promulgated Bill(s)

③ Enforcement Decree of the Monopoly Regulation and Fair Trade Act

This Bill allows domestic companies, non-profit corporations, or organizations to be designated as the same person even if there is a natural person controlling the business group, provided that certain conditions are met. 

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

④ Partial Amendment to the Enforcement Decree of the Mobile Device Distribution Improvement Act

This Amendment imposes a maximum of KRW 50 million in administrative fines on mobile device sales stores that engage in transactions without obtaining prior approval from mobile communications business operators.

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

[Money Today] Precedent for Exemption Under SAPA: No Penalties Imposed If There Is No Intent or Predictability
[The Dong-a Ilbo] Another Two-Year Postponement Bill for Enforcement of SAPA Ultimately Heads to Disposal in 21st National Assembly
[The Kyunghyang Shinmun] Thirteen Workers Already Killed at Shipyards So Far This Year

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