Proposed Bill: Partial Amendment to the Trade Union and Labor Relations Adjustment Act

Proposed by Rep. Na Kyung-won (People Power Party)

  • This bill would narrow the scope of employers who are not parties to an employment contract, limit the scope of labor disputes, and remove the provisions imposing penalties on employers who refuse or fail to engage in collective bargaining without justifiable cause.

Proposed Bill: Partial Amendment to the Minimum Wage Act

Proposed by Rep. Kim So-hee (People Power Party)

  • This bill would revise the criteria for determining the minimum wage by requiring comprehensive consideration of employers’ actual ability to pay wages and the impact on employment stability. It would also permit differentiated minimum wages based on business size and geographic region.

Pending Bill: Framework Act on Digital Assets

Proposed by Rep. Min Byoung-dug (Democratic Party of Korea)

  • This bill would establish a comprehensive legal framework for digital assets by providing policy and financial support; regulating the market entry of digital asset providers through authorization, registration or notification; prohibiting unfair trading practices; and granting the Financial Services Commission supervisory, investigative and enforcement authority.

Promulgated Bill: Framework Act on the Development of Artificial Intelligence and the Creation of a Foundation for Trust

Competent Authority: Ministry of Science and ICT

  • This promulgated bill mandates the labelling of artificial intelligence-generated content, clarifies the regulatory framework for high-impact AI, requires preferential consideration of AI products and services in public procurement, and seeks to improve access to AI products and services for vulnerable groups.

Administrative Announcement: Partial Amendment to the Enforcement Decree of the Building Act

Competent Authority: Ministry of Land, Infrastructure and Transport

  • This draft amendment would ease the requirement to install inter-floor fire compartments in semiconductor factories by allowing alternative fire safety measures, such as sprinkler systems with fire safety performance equivalent to or exceeding that of inter-floor fire compartments.

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

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