Page 7 - Enforcement Decree News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Proposed bill: Partial Amendment to the Construction Technology Promotion Act Proposed by Rep. Heo Jong-sik (Democratic Party of Korea) ● The recent collapse of an underground parking lot has brought to attention the need to remedy poor construction practices. This amendment reinforces the liability of constructors for managing the quality of construction projects by making the appropriateness examination for qualit...

Proposed bill: Partial Amendment to the Fair Transactions in Franchise Business Act Proposed by Rep. Yu Eui-dong (People Power Party) ● Under the current act, franchisers can designate goods or services vital for trademark protection as “essential items” and require their franchisees to trade these items with particular trading partners. However, a growing number of disputes have arisen between franchise...

Proposed bill: Partial Amendment to the Unfair Competition Prevention and Trade Secret Protection Act Proposed by Rep. Lee Yong-bin (Democratic Party of Korea) ● This bill aims to reinforce trade secret protection and prevent potential economic losses by offering monetary rewards to individuals who report activities that leak trade secrets to foreign countries. Such activities include employing a trade secret in a f...

Announcement on Acquisition of Treasury Share On October 25, 2023, the board of directors of Shinhan Financial Group Co., Ltd. resolved to acquire treasury shares within...

Termination of Trust Agreement for Acquisition of Treasury Shares Woori Financial Group Inc. announced on October 24, 2023 that the trust agreement it had entered...