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DR & AJU's Weekly Legislative Update - JUNE 3 - JUNE 7 2024

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.
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Proposed Bill1 - The first bill extends the sunset date of the special provision of tax deduction related to national strategic technologies by six years. Proposed Bill2 - The next bill establishes policy measures to accommodate the introduction of AI technology to Korean society.
Promulgated Bill - This bill increases the maximum number of seats permitted within a small-scale air transport service to 80 seats.
Administrative Announcement - These amendments prohibit the allocation of new shares to treasury stocks in corporate spin-offs or mergers.