Page 5 - Partial Amendment News Today

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 bill requires business operators planning to deliver personalized services to clearly inform users about how their browsi...

Proposed bill: Partial Amendment to the Petroleum and Alternative Fuel Business Act Proposed by Rep. Lee In-seon (People Power Party) ● Following the introduction of special deregulations that allow petroleum refiners to use pyrolytic oil -- a substance produced by recycling waste plastic or tires -- diluted with crude oil in petrochemical and refinery processes, this amendment establishes legal grounds for petroleu...

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Proposed bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Lee Wong-woo (Democratic Party of Korea) To prevent the exploitation of callable convertible bonds (CB) for deceptive gain and power, this amendment prohibits stock-listed corporations from selling the call options of the CB or bonds with warrant (BW) to their largest shareholder or affiliated persons. It al...

Proposed bill: Partial Amendment to the Monopoly Regulation and Fair Trade Act Proposed by Rep. Kim Han-kyu (Democratic Party of Korea) ● Although the current law stipulates stringent penalties against the provision of unfair benefits to specially related parties, the effectiveness of such penalties is limited due to the insufficient time frame given by the current statute of limitations. This amendment extends the ...

Proposed bill: Partial Amendment to the Copyright Act Proposed by Rep. Lee Yong-ho (People Power Party) ● Piracy websites providing access to pirated content continue to thrive, highlighting the need for stricter measures to discourage digital piracy. This amendment specifies the operation of a website that spreads links to pirated content as copyright infringements while raising maximum compensation for copyright i...

Proposed bill: Partial Amendment to the Broadcasting Act Proposed by Rep. Park Sung-joong (People Power Party) ● Currently, all people who possess a television receiver must pay a TV license fee, which is used to fund the Korea Broadcasting System. However, this regulation has been criticized for being unfair to those who do not subscribe to KBS broadcasts. Accordingly, this amendment sets rational standards for det...

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Proposed bill: Partial Amendment to the Labor Standards Act Proposed by Rep. Kim Ju-young (Democratic Party of Korea) ● With the expanding diversity of employment types, there has been a notable increase in cases of discrimination based on employment type. This amendment prohibits discrimination based on employment type and stipulates that work requiring the same or similar technologies, labor intensity and work con...

Proposed bill: Partial Amendment to the Act on the Promotion of Mutually Beneficial Cooperation Between Large Enterprises and Small and Medium Enterprises Proposed by Rep. Lee Dong-ju (Democratic Party of Korea) ● Unfair transaction practices persist among commissioning enterprises, invoking calls to reinforce regulations against commissioning enterprises that engage in unfair transaction practices. This amendment p...