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Lee Jae-yong may lose control over Samsung Electronics if found guilty of accounting fraud

Lee would be ineligible to exercise voting rights for his shares in Samsung Life if sentenced to one year in prison or a harsher penalty ....

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[Bills in Focus] Stock investment promotion, wind power distribution

Proposed Bill: Partial Amendment to the Act on Restriction on Special Cases Concerning Taxation Proposed by Rep. Park Dae-chul (People Power Party) ● In consideration of the high interest rates and rising number of stock investors in the current economic landscape, this amendment proposes to cancel the upcoming implementation of the financial income tax system and maintain the current capital gains tax system. This . ....

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CEOs, top executives to be held accountable for financial misconduct

Executives of financial companies will be held accountable for misconduct within their assigned areas of responsibility starting in July. The Financial Services Commission announced guidelines on Tuesday for the new "responsibilities map" system, requiring financial institutes to detail responsibilities for executives, including chief executive officer. In December, the National Assembly passed a revised bi. ....

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South Korea Proposes New Legislation Mandating Vetting Process for Crypto Executives

South Korea's Financial Services Commission (FSC) has proposed new legislation to its financial regulations that would give the watchdog more authority over the local crypto sector. ....

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[Bills in Focus] Substitute holidays, solid fuel restrictions, tech leak prevention

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. ....

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