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 Construction Technology Promotion Act
 
This Amendment requires construction companies to notify the results of their compliance with the reoccurrence prevention measures formulated by the Construction Accident Investigation Committee within six months.
 
② Partial Amendment to the Act on Promotion of Information and Communications Network Utilization and Information Protection

This Amendment mandates foreign information and communications service providers to report to the Korea Communications Commission when they designate a domestic agent or there are any changes to the designation. It also requires their domestic agents to register a hotline that is always accessible to the Korea Communications Commission and the Ministry of Science and ICT.

2. Pending Bill(s)
 
③ Partial Amendment to the Act on Prohibition of Age Discrimination in Employment and Elderly Employment Promotion

This Amendment imposes a duty on companies to ensure continued employment for workers, allowing them to choose between extending the retirement age or re-employing retired employees.
 
3. Promulgated Bill(s)
 
④ Enforcement Decree of the Act on the Employment Improvement of Construction Workers
 
This Bill requires construction companies that subcontract public construction works with a contract price of KRW 30 million or more to pay workers’ wages separately from other construction costs.

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

⑤ Partial Amendment to the Commercial Act

This Amendment aligns the statutory interest rate applied to commercial obligations with fluctuations in economic indicators, such as interest and inflation rates.

5. Serious Accidents Punishment Act ("SAPA") Related Editorials and Columns from Major Dailies
 
[News 1] Six-Month Deadline for Reporting Implementation of Serious Accident Recurrence Prevention Measures
[The Kyunghyang Shinmun] Disciplining Injured Workers? … Strengthening Control Over Workers Won’t Prevent Serious Accidents in the Steel Industry
[The Korea Economic Daily] Fifteen CEOs “Found Guilty” After Three Years of SAPA Enforcement

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