Latest news with #ActonProhibitionofAgeDiscriminationinEmploymentandElderlyEmploymentPromotion
Korea Herald
28-04-2025
- Business
- Korea Herald
Enhancing workplace safety, employment of older adults
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. Proposed Bill: Partial Amendment to the Construction Technology Promotion Act Proposed by Rep. Yoon Jong-kun (Democratic Party of Korea) ● To prevent fatal construction site accidents and enhance accountability among construction companies, this amendment establishes a legal basis for disclosing information related to fatal accidents, including the name of the construction company, the project name and the number of fatalities. Proposed Bill: Partial Amendment to the Act on Promotion of Information and Communications Network Utilization and Information Protection Proposed by Rep. Cho In-cheul (Democratic Party of Korea) ● This amendment increases the responsibilities of domestic agents of foreign online platforms, such as Google and YouTube, by requiring them to report their plans, status, and outcomes of compliance with Korean Communications Commission orders. Pending Bill: Partial Amendment to the Act on Prohibition of Age Discrimination in Employment and Elderly Employment Promotion Proposed by Rep. Kim Wi-sang (People Power Party) ● This amendment requires employers to provide continued employment in line with the national pension eligibility age, while leaving the choice of specific measures -- such as extending the retirement age or rehiring retired employees -- up to each company. Promulgated Bill: Enforcement Decree of the Act on the Employment Improvement of Construction Workers Competent Authority: Ministry of Employment and Labor ● This bill lowers the contract price threshold for requiring contractors in publicly ordered construction projects to pay subcontractor wages separately from other construction costs -- from 50 million won to 30 million won -- to prevent wage delays. Administrative Announcement: Partial Amendment to the Commercial Act Competent Authority: Ministry of Justice ● This amendment allows the statutory interest rate to be adjusted based on economic indicators such as interest and inflation rates, aiming to respond more flexibly to changing economic conditions and minimize unfair gains or losses for creditors and debtors. —
Korea Herald
08-04-2025
- Business
- Korea Herald
Promoting employment of older adults, protecting consumers in electronic commerce
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. Proposed Bill: Partial Amendment to the Act on Prohibition of Age Discrimination in Employment and Elderly Employment Promotion Proposed by Rep. Kim Wi-sang (People Power Party) ● This amendment requires employers to provide continued employment in line with the national pension eligibility age, while leaving the choice of specific measures — such as extending the retirement age or rehiring retired employees — up to each company. Proposed Bill: Partial Amendment to the Distribution Industry Development Act Proposed by Rep. Yoon Joon-byeong (Democratic Party of Korea) ● This amendment extends by five years the sunset period for provisions on defining and registering quasi-superstores, as well as designating traditional commerce preservation areas. Pending Bill: Partial Amendment to the Act on the Consumer Protection in Electronic Commerce Proposed by the Government ● This amendment requires mail-order distributors and brokers to appoint domestic agents in Korea, who must handle consumer complaints or disputes and cooperate with Fair Trade Commission investigations into suspected legal violations. Promulgated Bill: Special Act on the Promotion of Offshore Wind Power Distribution and Industry Development Competent Authorities: Ministry of Economy and Finance; Ministry of Trade, Industry and Energy; and Ministry of Oceans and Fisheries ● This bill shifts offshore wind power development to a government-led model by mandating the Ministry of Trade, Industry and Energy and the Ministry of Oceans and Fisheries to operate a site information network, designate preliminary and development districts based on it, and select project operators for each district through tenders. Administrative Announcement: Partial Amendment to the Enforcement Decree of the Act on Restriction on Special Cases Concerning Taxation
