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 Banking Act
 
This Amendment requires banks to publicly disclose their current deposit rates, lending rates, and interest rate spreads on a monthly basis through easily accessible channels, such as their websites. It also provides that if the interest rate spread increases, the Financial Services Commission may review the reasonableness and appropriateness of the calculation of the rates and recommend improvements.
 
② Partial Amendment to the Special Act on Underground Safety Management

This Amendment allows the Minister of Land, Infrastructure and Transport or the head of the relevant local government to directly carry out emergency repairs in areas where ground subsidence is likely to occur, and to designate areas with recurring subsidence as zones subject to special safety inspections.

2. Pending Bill(s)
 
③ Partial Amendment to the Equal Employment Opportunity and Work-Family Balance Assistance Act

This Amendment requires the Minister of Employment and Labor to conduct an annual survey and analysis of the gender pay gap based on factors such as occupation type, position, duties, length of service, and employment type, and to develop an improvement plan based on the findings.
 
3. Promulgated Bill(s)
 
④ Enforcement Rule of the Aviation Safety Act
 
This Bill introduces a certification system for unmanned vertical take-off and landing aerial vehicles, a new type of unmanned aerial vehicle capable of long-range flight.

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

⑤ Presidential Decree on Partial Amendments to Six Enforcement Decrees to Raise the Deposit Insurance Limit

This Presidential Decree raises the deposit insurance limit from KRW 50 million to KRW 100 million as of September 1, 2025.

5. Serious Accidents Punishment Act ("SAPA") Related Editorials and Columns from Major Dailies
 
[The Herald Business] Seoul Suspends Construction Company for One Year Over Hwajeong Apartment Building Collapse
[Money Today] Court Rules That Prime Contractors Are Not Liable for Serious Accidents If All Safety Obligations Are Met
[Edaily] Worker Fatalities Dropped by 67% at Workplaces Participating in Risk Assessments

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