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2025-03-14
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DR & AJU's Weekly Legislative Update - MARCH 3 - MARCH 7 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=5616&langNo=5593&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 the quarterly disclosure of the list of construction firms involved in fatal industrial accidents.involved in fatal industrial accidents, including project names and the number of fatalities.
Proposed Bill 2 - The next bill introduces the Cornerstone Investor Program, which pre-allocates shares to institutional investors who commit to holding them for a set period.
Pending Bill - This bill grants housing remodeling associations the right to request construction cost verification from the Korea Real Estate Board, the Korea Land and Housing Corporation, or local public corporations.
Promulgated Bill - This bill expands the scope of new growth and source technologies, and national strategic technologies eligible for tax credits on research and human resource development expenses.
Administrative Announcement - This bill requires local governments to notify the reconstruction inspection implementation plan within 30 days of an inspection request, without conducting on-site checks.