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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 ...