Page 2 - Enforcement Decree News Today

Proposed Bill: Special Act on the Change of Jurisdiction of Hanam-gu from Gyeonggi-do to Seoul Metropolitan City Proposed by Rep. Lee Yong (People Power Party) ● This proposed bill backs up the ruling People Power Party's "megacity" scheme that intends to incorporate cities near Seoul into the capital administratively. The "megacity" scheme attempts to "merge areas where people live wi...

Over 3,700 high-income employees subscribed to the state-run health insurance scheme are earning more than 110 million won ($82,300) per month, paying a medical premium of 4 million won monthly, data showed Monday. The figure translates into an income of at least 1.32 billion won annually. As of October last year, 3,791 people were categorized as employed subscribers paying the maximum amount for health insurance pre...

Proposed Bill: Special Act on the Change of Jurisdiction of Hanam-gu from Gyeonggi-do to Seoul Metropolitan City Proposed by Rep. Lee Yong (People Power Party) ● This proposed bill backs up the ruling People Power Party's "megacity" scheme that intends to incorporate cities near Seoul into the capital administratively. The "megacity" scheme attempts to "merge areas where people live wi...

Proposed Bill: Partial Amendment to the Act on Public Holidays Proposed by Rep. Yoo Gyeong-joon (People Power Party) ● The existing law does not specify a deadline for announcing the designation of substitute holidays, which has caused difficulties for people to plan for the holidays. Therefore, this amendment requires the government to designate substitute holidays at least two months (60 days) in advance except in...

The Korean government plans to expand tax incentives for the nation’s strategic technologies such as advanced chips and displays as part of a tax revision that takes effect next month. The Finance Ministry on Tuesday unveiled a set of tax reform plans, including tax cuts worth up to 950 billion won ($711 million) per year, in a bid to attract more investment into new growth drivers and boost the local economy. ...

Min Son of Hanol IP says Korea’s high-tech sector has much to gain from an amendment to the Enforcement Decree of the Korean Patent Act that provides for an accelerated patent examination system

Proposed Bill: Partial Amendment to the Act on Public Holidays Proposed by Rep. Yoo Gyeong-joon (People Power Party) ● The existing law does not specify a deadline for announcing the designation of substitute holidays, which has caused difficulties for people to plan for the holidays. Therefore, this amendment requires the government to designate substitute holidays at least two months (60 days) in advance except in...

Proposed Bill: Whole Amendment to the Act on the Protection and Use of Location Information Proposed by Rep. Hong Suk-joon (People Power Party) ● With the expansion of the mobility market based on location information, location information is being used in various fields to provide customized services to users, but there are high barriers to entry for new companies. This amendment unifies the concept of personal loc...

South Korea has decided to disband the sole government-run foundation tasked with handling matters concerning the now-shuttered Kaesong industrial park, once a pivotal inter-Korean cooperation project, amid simmering tensions between the two Koreas. The Unification Ministry issued a public announcement on Thursday regarding the dissolution of the Gaeseong Industrial District Foundation, which was first established in...

South Korea has decided to disband the sole government-run foundation tasked with handling matters concerning the now-shuttered Kaesong industrial park, once a pivotal inter-Korean cooperation project, amid simmering tensions between the two Koreas. The Unification Ministry issued a public announcement on Thursday regarding the dissolution of the Gaeseong Industrial District Foundation, which was first established in...