Weekly Legislative Report for the week of Jan 10, 2022 – Jan 17, 2022
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 pr@draju.com.
1. Proposed Bill(s)
① Partial Amendment to the Act on the Improvement of Urban Areas and Residential Environments
This Amendment allows heads of local governments to establish maintenance plans for reconstruction regardless of safety inspection standards.
② Partial Amendment to the Occupational Safety and Health Act
This Amendment aims to expand the scope of the role of a “specialized safety management institution” to prevent industrial accidents.
2. Urgently Enacted Bill(s)
③ Partial Amendment to the Act on the Management of Public Institutions
This Bill allows employee representatives to be part of the board of directors and contribute to the institutional decision-making process. The introduction of the worker director system shall be stated in the deliberation and resolution of the Committee. The Bill introduces a system to include personnel recommended by labor unions into non-executive directors of public institutions.
3. Pending Bill(s)
④ Partial Amendment to the Act on Special Measures for the Promotion of Venture Businesses
This Amendment provides the legal basis for issuing multiple voting shares of unlisted venture companies.
3. Promulgated Bill(s)
⑤ Act on Fair Transactions in Large Retail Business
This Bill was designed to introduce the commitments decisions.
4. Bill(s) Undergoing Pre-Announcement of Legislation/Administration
⑥ Partial Amendment to the Enforcement Decree of the Credit Information Use and Protection Act
This Amendment allows data combination applications from data utilizing institutions, introduces sampling combination procedures, and expands data self-combination.
5. Serious Accidents Punishment Act ("SAPA") Related Editorials and Columns from Major Dailies
