Page 2 - Enforcement Decree News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Proposed Bills: Partial Amendment to the Game Industry Promotion Act Proposed by Rep. Kim Seung-su (People Power Party) ●This amendment ensures users can receive compensation for damages caused by intentional indication of misinformation for probabilistic game items by introducing a punitive damages system that mandates a compensation of twice the maximum damages. Game companies must prove that there was no intentio...

Bar owners who are misled into selling alcohol to minors with fake IDs may soon have a way to prove their innocence using surveillance camera footage under a proposed rule change. The Ministry of Government Legislation announced a public notice Tuesday for the amendment of the Enforcement Decree of the Food Sanitation Act, which contains new clauses that exempt those who unknowingly sell alcohol to customers under th...

The SEC's Gensler is reportedly set to meet his South Korean counterpart in May as the Asian nation mulls potential updates to its cryptocurrency and virtual assets regulations.

Korea’s implementation of the OECD's global minimum corporate tax initiative, the first of its kind in the world, has become an additional financial burden on companies that have invested in the U.S. and Southeast Asia when seeking tax benefits, according to industry officials, Wednesday.

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 ...