As the first-ever Korean law firm to issue specialized legislative journals, D&A 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, D&A 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 Act on Promotion of Information and Communications Network Utilization and Information Protection
 
This Amendment grants the Ministry of Science and ICT the authority to directly conduct surveys on the security status of devices connected to information and communications networks (IoT), such as robot vacuums and IP cameras, and to disclose the results.
 
② Partial Amendment to the Fair Transactions in Subcontracting Act

This Amendment raises the upper cap on the fixed penalty surcharge for unfair trade practices to KRW 10 billion.

2. Pending Bill(s)
 
③ Partial Amendment to the Commercial Act

This Amendment allows shareholders holding at least 10 percent of the total issued shares to petition the court for the appointment of a chairperson, no later than ten days prior to the general meeting of shareholders.
 
3. Promulgated Bill(s)
 
④ Rules on Occupational Safety and Health Standards
 
This Bill requires employers to use welding fireproof blankets that meet the technical standards for performance certification and product testing of fireproof blankets, as notified by the Commissioner of the National Fire Agency, when performing fire-hazardous work such as welding or cutting operations, to prevent the scattering of sparks and embers.

4. Bill(s) Undergoing Pre-Announcement of Legislation/Administration

⑤ Partial Amendment to the Enforcement Rule of the Medical Devices Act

This Amendment requires prior approval for changes to medical devices only when such changes materially affect their safety and effectiveness. It also shortens the processing period for confirming compliance with conditions attached to a conditional approval from 20 days to 10 days where a manufacturing business or product approval has been granted on the condition that manufacturing and quality standards, including Good Manufacturing Practice (GMP), are established within a specified period.

5. Serious Accidents Punishment Act ("SAPA") Related Editorials and Columns from Major Dailies

[Newsis] Construction Guarantee Cooperative’s “Serious Accident Liability Insurance” Reaches 102 Participating Companies
[The Labor Today] Labor Ministry Issues First Guidelines for “Workplace Serious Accident Trauma Response”

*For more details, please download the PDF file attached.