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 Financial Investment Services and Capital Markets Act
 
This Amendment mandates by law the inclusion of sustainability-related matters in annual reports and establishes disclosure and third-party certification systems in accordance with the standards established by the Financial Services Commission considering international alignment. It also introduces safe harbor provisions as a protective measure for companies, exempting from civil liability and penalty surcharges any non-intentional errors arising during the initial two fiscal years following the implementation.
 
② Partial Amendment to the Act on Promotion of Information and Communications Network Utilization and Information Protection

This Amendment authorizes public officials of the Ministry of Science and ICT to act as special judicial police officers, enabling them to investigate crimes involving intrusion into information and communications networks, such as hacking, as well as violations of material preservation orders.

2. Pending Bill(s)
 
③ Partial Amendment to the Act on Corporate Governance of Financial Companies

This Amendment requires the Financial Supervisory Service to directly assess financial companies’ compliance with the Stewardship Code and disclose the results.
 
3. Bill(s) Undergoing Pre-Announcement of Legislation/Administration
 
④ Partial Amendment to the Enforcement Decree of the Financial Investment Services and Capital Markets Act
 
This Amendment expands the public disclosure obligation for treasury shares from listed companies holding at least one percent of treasury shares, to all listed companies. It also requires listed companies to disclose their treasury shareholdings status, disposal plans, and the implementation thereof to investors on a semiannual basis.

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

[Maeil Business News] War on Industrial Accidents Declared… Yet Q3 Casualties Top 40,000 for the First Time
[Chosun Ilbo] Primary Contractor Sentenced to One Year in Prison and Taken into Custody Over Fatal Brick Collapse
[Yonhap News] 1 out of 24 Business Representatives Sentenced to Prison Despite 22 Serious Accident Sites in H2 2025

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