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2025-02-28
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DR & AJU's Weekly Legislative Update - FEBRUARY 17 - FEBRUARY 21 2025



DR & AJU is one of the leading law firms in Korea.
Since 2019, DR & AJU has been issuing specialized journals and weekly reports to provide information on trending legislative news.
View the full report here: https://draju.com/en/sub/newsletters.html?type=view&bsNo=5571&langNo=5544&page=1
Subscribe to receive weekly legislative newsletters here: https://www.draju.com/en/sub/subscribe.html 

If you have any queries, please contact us at lc@draju.com.

Content

Proposed Bill 1 - The first bill requires that stocks issued by affiliates of an insurance company and held by the company should be valued at market prices, rather than acquisition costs.
Proposed Bill 2 - The next bill allows non-financial institutions, such as post offices, to offer bank agency services.
Pending Bill - This bill adds a provision that, in the event of a merger, an essential business or asset transfer, an all-inclusive stock swap or transfer, or a split or split and merger, the board of directors must take every effort to protect shareholders’ legitimate interests.
Promulgated Bill - This bill requires domestic electric car manufacturers to obtain government safety certification for the batteries used in their vehicles before launch.
Administrative Announcement - This bill allows non-majors who have work experience and expertise in electrical construction to be qualified as intermediate electrical construction engineers.