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May-22-2026
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D&A LLC's Weekly Legislative Update - MAY 11 - MAY 15 2026



D&A is one of the leading law firms in Korea.
Since 2019, D&A LLC 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=7848&langNo=7814&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 would establish an institutional support system to promote the succession of SMEs through third-party mergers and acquisitions, shifting from traditional family-based succession.
Proposed Bill 2 - The next bill would extend for three years the special tax reduction provisions for income earned by SMEs and middle-standing enterprises from the transfer or licensing of patent rights and technologies.
Pending Bill - This bill would repeal all provisions concerning the offense of special misappropriation in the Commercial Act.
Promulgated Bill - This bill would apply customary freight rates from before the outbreak of the Middle East war in determining customs value.
Administrative Announcement - The final bill would tighten regulatory oversight on virtual asset service providers.