Weekly Legislative Report for the week of Nov 1, 2021 – Nov 5, 2021
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, produced by our Legislation Strategy Center, provides analyses of plenary sessions of the National Assembly, meetings of Standing Committees, and Subcommittee. In addition, the Center 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 to the service, the Center has also been issuing the Weekly Legislative Report covering various legal issues at the center of public debate along with editorials and columns on the Serious Accidents Punishment Act (“SAPA”) from major dailies. 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 pr@draju.com.
1. Proposed Bill(s)
① Partial Amendment to the Occupational Safety and Health Act
The Bill mandates the Minister of the Ministry of Employment and Labor to provide companies’ business registration numbers to the heads of vocational education and training institutions to ascertain the safety of training environments of such companies.
② Partial Amendment to the Framework Act on Consumers
The Bill abolishes the procedure of getting the court’s permission for class actions that consumers should get before filing class action lawsuits. The Bill enables consumers to institute class actions ‘when the consumers’ rights and interests are obviously infringed.’
2. Pending Bill(s)
③ Partial Amendment to the Credit Unions Act
The Bill allows financial consumers of ‘community credit cooperatives’, ‘credit unions, agricultural cooperatives, fisheries cooperatives, and forestry cooperatives’, to exercise the right to request reduction in interest rates.
3. Promulgated Bill(s)
④ Enforcement Decree of the Act on Sale of Building Units
⑤ Enforcement Decree of the Building Act
This Amendment stipulates that the distance required between buildings in an apartment complex is to be reduced to less than half of the current regulation for the cases where the front building is lower than the back one and, the “Pilloti” built for a child daycare center service are to be excluded from the number of floors.
4. Bill(s) Undergoing Pre-Announcement of Legislation/Administration
⑥ Pre-announcement of Enforcement Decree of the Special Act on Private Rental Housing
This Amendment stipulates that the rental business operators’ failure to comply with the local governments’ requirements for the guarantee registration of three times and more shall lead to the cancellation of their business registration.
5. Serious Accidents Punishment Act ("SAPA") Related Editorials and Columns from Major Dailies