Framework Act News Today

President Yoon Suk Yeol pledged unwavering commitment to aiding and bolstering small- and medium-sized enterprises (SMEs) and startups as they venture into markets overseas, during an event organized to encourage businesspeople.

Korea will use the term national heritage instead of cultural property, a term that had been in use for more than 60 years, as a new law came into force Friday.

Fewer and fewer Koreans in early adulthood feel the need to get married

Questions remain as to whether a population decline necessarily dictates a pessimistic future for a country

Pending Bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Yun Chang-hyun (People Power Party) ● Under the Financial Investment Services and Capital Markets Act, only regulations concerning issuance apply to investment contract securities due to their atypical characteristics and limited distribution potential. However, unlike before, online transaction platforms have ma...

On November 28, 2023, the Council on Foreign Relations’ program on U.S.-Korea Policy held an in-person workshop on U.S.-South Korea policy coordination toward China on supply chain resiliency. 

Funding for dam provided without National Assembly review despite being an ODA project

82-year-old man still fighting for compensation after unjustly spending 15 years behind bars

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: 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...