Proposed Bill: Partial Amendment to the Personal Information Protection Act

Proposed by Rep. Lee Hoon-ki (Democratic Party of Korea)

● The bill would strengthen regulations on mobile carriers’ personal data protection by raising the maximum penalty surcharge for data breach incidents to up to 10 percent of a company’s total sales.

Proposed Bill: Partial Amendment to the Promotion of the Motion Pictures and Video Products Act

Proposed by Rep. Lim O-kyeong (Democratic Party of Korea)

● This bill would mandate that films not be distributed on other platforms, such as streaming services, until six months have passed since the completion of their theatrical run.

Pending Bill: Special Act on Strengthening the Competitiveness of the Steel Industry and Transition to Green Steel Technology

Proposed by Rep. Eoh Kiy-ku (Democratic Party of Korea) and Rep. Lee Sang-hwi (People Power Party)

● This bill would expand state-level support for the steel industry by establishing a Special Committee for Strengthening the Competitiveness of the Steel Industry under the president, tightening restrictions on the import and distribution of nonconforming steel products and providing subsidies and tax incentives for the development of, or investment in, green steel technologies.

Promulgated Bill: Trade Union and Labor Relations Adjustment Act

Competent Authority: Ministry of Employment and Labor

● Commonly known as the “Yellow Envelope" bill, this expands the scope of employers and industrial disputes, while also limiting corporate damages claims against trade unions or workers for losses arising from collective bargaining, industrial action or other union activities.

Administrative Announcement: Partial Amendment to the Enforcement Decree of the Act on Restriction on Special Cases Concerning Taxation

Competent Authority: Ministry of Economy and Finance

● The draft amendment would reinforce tax credits for national strategic technologies, including AI, and expand tax incentives for real estate in depopulated areas.

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The Korea Herald republishes a weekly legislative report by local law firm DR & AJU LLC to provide the latest information on bills approved, proposed, pending and set to be promulgated. — Ed.

For queries about the bills, contact cr@draju.com.