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Bills in Focus In series
A weekly report by the law firm DR & AJU providing the latest information on bills
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Bills in Focus In series
A weekly report by the law firm DR & AJU providing the latest information on bills
Would you like to subscribe?
Stablecoin regulation, AI utilization by SMEs
Proposed Bill: Partial Amendment to the Foreign Exchange Transactions Act Proposed by Rep. Park Sung-hoon (People Power Party) Proposed Bill: Act of the Promotion of Utilization and Artificial Intelligence by Small and Medium Enterprises Proposed by Rep. Kim Dong-ah (Democratic Party of Korea) Pending Bill: Special Act on Strengthening Competitiveness and Promoting Innovative Growth in the Semiconductor Industry Proposed by Rep. Lee Chul-gyu (People Power Party) Promulgated Bill: Enforcement Dec
Nov. 10, 2025 - 15:30:56Treasury share restrictions, extending housing lease terms
Proposed Bill: Partial Amendment to the Commercial Act Proposed by Rep. Yoo Dong-soo (Democratic Party of Korea) Proposed Bill: Partial Amendment to the Housing Lease Protection Act Proposed by Rep. Han Chang-min (Social Democratic Party) Pending Bill: Partial Amendment to the Housing Act Proposed by Rep. Moon Jin-seog (Democratic Party of Korea) Promulgated Bill: Enforcement Decree of the Game Industry Promotion Act Competent Authority: Ministry of Culture, Sports and Tourism Administrative Ann
Nov. 3, 2025 - 12:24:04Fostering renewable energy cities, green steel industry support
Proposed Bill: Special Act on the Establishment and Support of Renewable Energy Self-Sufficient Cities Proposed by Rep. Kim Won-i (Democratic Party of Korea) Proposed Bill: Partial Amendment to the Telecommunications Business Act Proposed by Rep. Kim Jang-kyom (People Power Party) Pending Bill: Special Act on Strengthening the Competitiveness of the Steel Industry and Transition to Green Steel Technology Proposed by Rep. Eoh Kiy-ku (Democratic Party of Korea) and Rep. Lee Sang-hwi (People Power
Oct. 27, 2025 - 13:57:26Class actions for financial consumers
Proposed Bill: Partial Amendment to the Securities-Related Class Action Act Proposed by Rep. Han Chang-min (Social Democratic Party) Proposed Bill: Mobile Communications Security Act Proposed by Rep. Kim Jang-kyom (People Power Party) Pending Bill: Partial Amendment to the Commercial Act Proposed by Rep. Kim Hyun-jung (Democratic Party of Korea) — The Korea Herald republishes a weekly legislative report by local law firm DR & AJU LLC to provide the latest information on bills approved, proposed,
Oct. 20, 2025 - 13:56:27Serious accident punishment, framework for AI industry promotion
Proposed Bill: Special Act on the Construction Safety Proposed by Rep. Moon Jin-seog (Democratic Party of Korea) ● The bill would impose a penalty surcharge of up to 3 percent of sales or a business suspension of up to one year on construction companies in cases of repeated fatal accidents caused by negligence of safety obligations, with the penalty surcharge capped at 100 billion won. Proposed Bill: Special Act on the Promotion of the Artificial Intelligence Industry Proposed by Rep. Koh Dong-j
Oct. 13, 2025 - 11:06:54Promoting video products, steel industry
Proposed Bill: Partial Amendment to the Personal Information Protection Act Proposed by Rep. Lee Hoon-ki (Democratic Party of Korea) ● The bill would strengthen regulations on mobile carriers’ personal data protection by raising the maximum penalty surcharge for data breach incidents to up to 10 percent of a company’s total sales. Proposed Bill: Partial Amendment to the Promotion of the Motion Pictures and Video Products Act Proposed by Rep. Lim O-kyeong (Democratic Party of Korea) ● This bill w
Sept. 29, 2025 - 13:11:38Outlink system for news providers, stronger mobile protection services
Proposed Bill: Partial Amendment to the Act on the Promotion of Newspapers Proposed by Rep. Choi Min-hee (Democratic Party of Korea) ● This bill would introduce an outlink system under which users who click the news articles on portal sites are redirected to the news providers’ websites. It would also require foreign portal service providers offering news services in Korea to register as online news service providers. Proposed Bill: Partial Amendment to the Telecommunications Business Act Propos
Sept. 22, 2025 - 11:04:25Protecting employers, exempting management from breach of trust
Proposed Bill: Partial Amendment to the Trade Union and Labor Relations Adjustment Act Proposed by Rep. Kim Eun-hye (People Power Party) ● This bill would prohibit trade unions from occupying workplace facilities and allow employers to use replacement labor during strikes. Proposed Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Kim Hyun-jung (Democratic Party of Korea) ● This bill would require any person acquiring 25 percent or more of a co
Sept. 15, 2025 - 14:10:12Creating short-term private rental housing, bird strike prediction system
Proposed Bill: Partial Amendment to the Act on the Protection of Financial Consumers Proposed by Rep. Kim Hyun-jung (Democratic Party of Korea) ● This bill would expand the scope of application of the act to cover all mutual finance institutions, including agricultural cooperatives and community credit cooperatives. Proposed Bill: Partial Amendment to the Special Act on Private Rental Housing Proposed by Rep. Bok Ki-wang (Democratic Party of Korea) ● This bill would allow the construction of apa
Sept. 8, 2025 - 13:33:22Increasing transparency in private equity, redefining 'worker,' 'employer'
Proposed Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Han Chang-min (Social Democratic Party of Korea) ● This bill would strengthen disclosure obligations for private equity funds, restrict their involvement with the national pension fund, require the establishment of a conflict-of-interest prevention system and regulate leveraged buyouts. Proposed Bill: Partial Amendment to the Act on Restriction on Special Cases Concerning Taxation Propo
Sept. 1, 2025 - 12:56:37Promoting workplace safety, steel industry
Proposed Bill: Partial Amendment to the Occupational Safety and Health Act Proposed by Rep. Hwang Myeong-seon (Democratic Party of Korea) ● This bill would require business owners who, by violating statutory safety standards, cause harm to the life or physical integrity of workers to compensate up to three times the actual damage. Proposed Bill: Partial Amendment to the Foreign Investment Promotion Act Proposed by Rep. Kim Won-i (Democratic Party of Korea) ● This bill would clarify the legal bas
Aug. 25, 2025 - 14:04:26Supporting steel industry, tackling probabilistic game items
Proposed Bill: Act on the Issuance and Distribution of Value-Stable Digital Assets Proposed by Rep. Ahn Do-geol (Democratic Party of Korea) ● This bill seeks to provide an institutional foundation for the issuance and distribution of stablecoins by introducing an authorization system for issuers, establishing requirements for the holding and management of reserve assets, and imposing public disclosure obligations on issuers. Proposed Bill: Special Act on Strengthening the Competitiveness of the
Aug. 18, 2025 - 13:09:01Cancellation of treasury stocks, support for semiconductor industry
Proposed Bill: Partial Amendment to the Commercial Act Proposed by Rep. Choi Eun-seok (People Power Party) ● This bill would introduce shareholder rights plans (poison pills), allow the issuance of dual-class shares, introduce veto-right shares and codify the business judgment rule to expand measures to defend corporate control. Proposed Bill: Partial Amendment to the Commercial Act Proposed by Rep. Kim Hyun-jung (Democratic Party of Korea) ● This bill would mandate the immediate cancellation of
Aug. 4, 2025 - 11:41:27Enhancing shareholder returns, redefining worker, employer
Proposed Bill: Partial Amendment to the Commercial Act Proposed by Rep. Cha Gyu-geun (Rebuilding Korea Party) ● This bill seeks to enhance shareholder returns by requiring companies to cancel treasury shares within six months of acquisition and prohibiting the allocation of new shares to treasury stock in the event of an equity spinoff. Proposed Bill: Partial Amendment to the Commercial Act Proposed by Rep. Kim Tae-nyeon (Democratic Party of Korea) ● This bill would repeal the provision on speci
July 29, 2025 - 12:36:05Mandatory USIM encryption, penalties for safety negligence
Proposed bill: Partial Amendment to the Personal Information Protection Act Proposed by Rep. Kim Woo-young (Democratic Party of Korea) ● This bill would expand requirements for mandatory encryption, currently limited to personally identifiable information and biometric data, to include USIM-related data. Proposed bill: Special Act on Construction Safety Proposed by Rep. Moon Jin-seog (Democratic Party of Korea) ● This bill would impose a business suspension of up to one year or a penalty surchar
July 21, 2025 - 13:42:14
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