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 lc@draju.com.
1. Proposed Bill(s)
① Partial Amendment to the Trade Union and Labor Relations Adjustment Act
This Amendment requires trade unions with at least 300 members to entrust the election of executive officers and ballot counting thereof to election commissions.
② Partial Amendment to the Act on Promotion of Information and Communications Network Utilization and Information Protection
This Amendment requires providers of information and communications services mediating real-time conversation with three or more participants to implement technical measures that allow users to terminate their participation in conversations without notifying other users and imposes administrative fines if such measures are not implemented.
2. Pending Bill(s)
③Partial Amendment to the Improper Solicitation and Graft Act
This Amendment increases the limits on the value of food and beverages provided to public servants and others subject to the Improper Solicitation and Graft Act from KRW 30,000 to KRW 50,000.
3. Promulgated Bill(s)
④ Rules on Housing Supply
These Rules abolish the requirements of no housing and residence for non-priority subscriptions and allow individuals living in other regions with more than one housing unit to participate in the lottery selection type of housing subscription.
4. Bill(s) Undergoing Pre-Announcement of Legislation/Administration
⑤ Partial Amendment to the Enforcement Rule of the Act on Report on Real Estate Transactions
This Amendment adds the phrase, "If there has been an agreement (whether written, oral or in any other form) on important elements of the contract, such as the transaction amount or the payment date of the balance when paying a portion of the transaction amount in advance, the date of the advance payment shall be deemed as the date of the transaction contract," in the matters to note of the report form for real estate transaction contracts.
5. Serious Accidents Punishment Act ("SAPA") Related Editorials and Columns from Major Dailies
