Proposed Bill: Partial Amendment to the Occupational Safety and Health Act

Proposed by Rep. Kim Yoon (Democratic Party of Korea)

  • This bill would allow imposing a penalty surcharge of up to 5 percent of operating profits when three or more fatalities occur at a workplace within one year, separate from criminal liability, and up to 10 percent for repeated violations.

Proposed Bill: Partial Amendment to the Occupational Safety and Health Act

Proposed by Rep. Lee Yong-woo (Democratic Party of Korea)

  • This bill would expand the Minister of Employment and Labor's authority to order work suspension from cases where a serious accident has occurred to situations involving an imminent risk of such an accident.

Pending Bill: Partial Amendment to the Commercial Act

Proposed by Rep. Kim Hyun-jung (Democratic Party of Korea)

  • This bill would mandate the immediate cancellation of treasury stocks upon acquisition and require treasury stocks acquired before the enforcement of this bill to be canceled within six months.

Promulgated Bill: Clean Air Conservation Act

Competent Authority: Ministry of Climate, Energy and Environment

  • This bill requires operators of electric and hydrogen vehicle charging facilities to register establishment information for their stations, including location and size, in a computer network and to provide real-time usage information, such as charging fees.

Administrative Announcement: Enforcement Decree of the Framework Act on the Development of Artificial Intelligence and the Establishment of a Foundation for Trustworthiness

Competent Authority: Ministry of Science and ICT

  • The draft amendment would require business operators offering services using high-impact artificial intelligence or generative AI to give users advance notice that the services operate using AI.

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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.