Enforcement Decree News Today : Breaking News, Live Updates & Top Stories | Vimarsana

South Korea's officials updates their donation law, expanding to new asset options but crypto still not yet accepted.

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 15 March 2024, an amended Enforcement Decree for South Korea’s Personal Information Protection Act came into effect.

Pending Bill: Partial Amendment to the Income Tax Act Proposed by Rep. Park Dae-chul (People Power Party) ●This amendment proposes canceling the planned implementation of the financial income tax system next year, which imposes a 20-25 percent tax on capital gains from investments in financial investment products, such as stocks, bonds and funds, that are worth 50 million won ($38,230) or more. The financial investm...

In many social relationships, whether personal or at work, power dynamics can create problematic imbalances. There are many words to describe them -- unjust, abusive, coercive, exploitative — but in Korean, there's a term that encapsulates them all: "gapjil." Originating from contractual terminology, the term came to be used for abuses of power in the workplace. Its use has expanded to other soci...