DR & AJU's Weekly Legislative Update - APRIL 14 - APRIL 18 2025

DR & AJU is one of the leading law firms in Korea.
Since 2019, DR & AJU has been issuing specialized journals and weekly reports to provide information on trending legislative news.

View the full report here:
https://draju.com/en/sub/newsletters.html?type=view&bsNo=5832&langNo=5807&page=1

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Content
Proposed Bill1 - The first bill establishes a legal framework for disclosing information related to fatal accidents, including the name of the construction company and the number of fatalities.
Proposed Bill2 - The next bill requires foreign service providers to report to the Korea Communications Commission when designating or changing a domestic agent.
Pending Bill - This bill requires companies to ensure continued employment, allowing options like extending retirement age or re-hiring retired employees.
Promulgated Bill - This bill lowers the threshold for requiring contractors in public construction projects to separate subcontractor wages from other construction costs.
Administrative Announcement - This bill allows the statutory interest rate on commercial obligations to be adjusted based on economic indicators, such as interest and inflation rates.
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