(123rf)
(123rf)

The Korea Herald republishes a weekly legislative report by local law firm DR & AJU LLC to provide the latest information on bills approved, proposed, pending and set to be promulgated. — Ed.

Proposed Bill: Partial Amendment to the Serious Accidents Punishment Act

Proposed by Rep. Ku Ja-keun (People Power Party)

● This amendment seeks to address ambiguities in the current law to reduce confusion in the field, while easing criminal liability for managing officers and corporations in cases of serious accidents.

Proposed Bill: Partial Amendment to the Korea Development Bank Act

Proposed by Rep. Kang Min-kuk (People Power Party) and Rep. Kang Jun-hyeon (Democratic Party of Korea)

● This amendment strengthens support for semiconductors and other high-tech strategic industries by establishing the High-tech Strategic Industry Fund, with a planned scale of 50 trillion won ($35 billion).

Pending Bill: Partial Amendment to the Banking Act

Proposed by Rep. Choi Eun-seok (People Power Party)

● To improve access to financial services in rural areas and enhance user convenience, this amendment permits nonfinancial institutions, such as post offices, to offer bank agency services.

Promulgated Bill: Enforcement Decree of Framework Act on Intelligent Informatization

Competent Authority: Ministry of Science and ICT

● This bill requires persons who install and operate unstaffed kiosks to take measures to enhance accessibility for vulnerable groups, such as assigning employees to assist with kiosk use or providing real-time voice guidance services.

Administrative Announcement: Partial Amendment to the Enforcement Decree of the Act on Prevention of Divulgence and Protection of Industrial Technology

Competent Authority: Ministry of Trade, Industry and Energy

● This amendment increases the maximum fine for the divulgence of national core technology to foreign countries from 1.5 billion to 6.5 billion won.

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For any queries about the bills, contact cr@draju.com.