The Korea Herald Series

Latest News

Courts and Law
Easing burden on subcontractors, protecting consumer interests

Proposed Bill: Partial Amendment to the Act on Special Measures for Strengthening the Competitiveness of, and Protecting National High-tech Strategic Industries Proposed by Rep. Yang Hyang-ja (Hope of Korea) ● In response to demands to diversify and strengthen government support for specialized comp
Dec. 27, 2023 - 13:16:26
Courts and Law
Bills to promote software, high-tech industries

Proposed Bill: Partial Amendment to the Software Promotion Act Proposed by Rep. Yoon Doo-hyun (People Power Party) ● This amendment aims to minimize quality problems in software projects by allowing companies to participate in public domain software projects based on capacity. It exceptionally allow
Dec. 18, 2023 - 11:37:30
Courts and Law
Gimpo-Seoul merger proposal, cord blood use for regenerative medicine

Proposed bill: Special Act on the Change of Jurisdiction of Gyeonggi Province and Seoul Metropolitan City Proposed by Rep. Cho Kyoung-tae (People Power Party) ● Due to its geographical location, Gimpo citizens interact more with Seoul than other parts of Gyeonggi Province, with a high percentage of
Dec. 11, 2023 - 15:14:00
Courts and Law
Removing elevated railways, deferring taxation on inherited shares

Proposed bill: Special Act on the Transition of Elevated Metro Lines Including Line 1 of Seoul to Underground Lines Proposed by Rep. Lee In-young (Democratic Party of Korea) ● Elevated railways, such as Seoul Subway Line 1, are perceived to be the cause of noise pollution and safety issues. This bil
Dec. 4, 2023 - 13:16:18
Courts and Law
Windfall tax on banks and urban infra refurbishment

Proposed bill: Partial Amendment to the Act on the Protection of Financial Consumers Proposed by Rep. Kim Sung-joo (Democratic Party of Korea) ● Persisting high prices and interest rates have benefited certain financial companies at the expense of financially vulnerable people and small-business ope
Nov. 27, 2023 - 14:51:00
Courts and Law
Worksite emergency alarms, stricter construction supervision

Proposed bill: Partial Amendment to the Customs Act Proposed by Rep. Jin Sun-mee (Democratic Party of Korea) ● The alarming increase in the degree of brokerage fees paid by duty-free shop operators to promote the sales of their bonded goods has caused concern over the profitability and competitivene
Nov. 20, 2023 - 10:43:23
Courts and Law
Tackling poor construction practices, promoting SME carbon neutrality

Proposed bill: Partial Amendment to the Construction Technology Promotion Act Proposed by Rep. Heo Jong-sik (Democratic Party of Korea) ● The recent collapse of an underground parking lot has brought to attention the need to remedy poor construction practices. This amendment reinforces the liability
Nov. 13, 2023 - 17:07:46
Courts and Law
Broader offshore financial support, mobility regulatory sandbox

Proposed bill: Partial Amendment to the Fair Transactions in Franchise Business Act Proposed by Rep. Yu Eui-dong (People Power Party) ● Under the current act, franchisers can designate goods or services vital for trademark protection as “essential items” and require their franchisees to trade these
Nov. 6, 2023 - 11:46:57
Courts and Law
Fighting trade theft, reinforcing depositor protection

Proposed bill: Partial Amendment to the Unfair Competition Prevention and Trade Secret Protection Act Proposed by Rep. Lee Yong-bin (Democratic Party of Korea) ● This bill aims to reinforce trade secret protection and prevent potential economic losses by offering monetary rewards to individuals who
Oct. 30, 2023 - 11:13:21
Courts and Law
Protecting lessees in rental housing, tackling retailers‘ interference with suppliers’ affairs

Proposed bill: Partial Amendment to the Monopoly Regulation and Fair Trade Act Proposed by Rep. Kim Hee-gon (People Power Party) ● To clarify the standard for defining a “business group,” this amendment specifies the scope of business and extent of liability of the term “the same person.” Additional
Oct. 16, 2023 - 12:50:40
Courts and Law
Curbing false information online, easing taxation on media production

Proposed bill: Partial Amendment to the Act on Promotion of Information and Communications Network Utilization and Information Protection Proposed by Rep. Yoon Doo-hyun (People Power Party) ● Disinformation is difficult to recognize but can be rapidly reproduced and distributed across various commun
Oct. 11, 2023 - 14:46:57
Courts and Law
Eased land use within industrial complexes, tackling faulty construction

Proposed bill: Partial Amendment to the Industrial Sites and Development Act Proposed by Rep. Hong Suk-joon (Democratic Party of Korea) ● Industrial complexes are currently experiencing a decrease in competitiveness and a reduced inflow of young people due to dilapidated infrastructure and a lack of
Oct. 1, 2023 - 16:01:09
Courts and Law
Holding CEOs accountable for lack of internal financial control

Proposed bill: Partial Amendment to the Act on Corporate Governance of Financial Companies Proposed by Rep. Yoon Han-hong (People Power Party) ● The frequent occurrence of financial accidents has raised the need for financial companies to strengthen the monitoring of their internal control system. T
Sept. 25, 2023 - 15:15:20
Courts and Law
Human rights and environmental due diligence, more exemptions from development charges

Proposed bill: Act on Human Rights and Environment Protection for Sustainable Business Administration of Corporations Proposed by Rep. Jung Tae-ho (Democratic Party of Korea) ● ESG policies are now considered a key factor in business management in achieving corporate sustainability and long-term val
Sept. 18, 2023 - 18:07:17
Courts and Law
Fair practices in e-commerce, legal grounds for carbon capture tech

Proposed bill: Act on Protection of Digital Service Users Proposed by Rep. Jung Pil-mo (Democratic Party of Korea) ● The rapid advancement of digital services has led to new forms of user rights infringement, highlighting the need for a new act to protect the rights of digital service users. This bi
Sept. 11, 2023 - 14:13:47