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Korea Herald
19 hours ago
- Politics
- Korea Herald
Ruling party calls for 'stern' response to illegal leaflet campaign against N. Korea
The ruling Democratic Party on Sunday called for a "stern" response to a civic group's recent campaign to send anti-Pyongyang propaganda leaflets to North Korea. DP spokesperson Rep. Hwang Jung-a issued the call a day after a civic group launched leaflets from Ganghwa Island in Incheon, near the inter-Korean border, toward the North, despite repeated calls by the new Lee Jae-myung government to halt such campaigns, which have drawn strong protests from Pyongyang. "The distribution of anti-North leaflets is a purely harmful and illegal act that threatens the daily lives and safety of border residents and escalates military tensions on the Korean Peninsula," Hwang said in a written briefing. She warned that inter-Korean tensions, escalated by such campaigns, could destabilize not only the financial markets, but also economic fundamentals. The spokesperson added that applying various safety-related laws, including the Aviation Safety Act, should be considered to impose stern punishments for such campaigns. On Saturday, Lee ordered officials to come up with measures to prevent the launch of anti-Pyongyang leaflets in areas bordering North Korea. Since taking office in early June, Lee has called for a halt to leaflet campaigns by civic groups and ordered the suspension of the military's anti-North loudspeaker broadcasts along the border, following through on his presidential campaign pledges to ease military tensions and seek dialogue with North Korea. (Yonhap)
Korea Herald
07-05-2025
- Business
- Korea Herald
Promoting AI, space industries
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 Framework Act on the Development of Artificial Intelligence and the Establishment of a Foundation for Trust Proposed by Rep. Hwang Jung-a (Democratic Party of Korea) ● To promote the growth of the domestic AI industry, this amendment delays the enforcement of regulations imposing obligations on AI service providers by three years. Proposed Bill: Partial Amendment to the Act on Restriction on Special Cases Concerning Taxation Proposed by Rep. Shin Yeong-dae (Democratic Party of Korea) ● This amendment introduces a production-based tax credit for domestic companies involved in final production or sales using national strategic technologies and allows tax credits — such as investment, and research and development credits — that could not be claimed due to insufficient tax liability or minimum tax rules to be refunded or transferred to a third party. Pending Bill: Partial Amendment to the Interest Limitation Act Proposed by Rep. Seo Young-kyo (Democratic Party of Korea) ● This amendment lowers the statutory interest rate cap and replaces the previous dual-rate structure with a unified 15 percent cap for all lenders. Promulgated Bill: Space Development Promotion Act Competent Authority: Korea AeroSpace Administration ● To proactively foster the space industry, this bill establishes a legal basis for designating investment promotion zones within space industry clusters and specialized aerospace industry complexes. Administrative Announcement: Partial Amendment to the Enforcement Rules of the Act on the Improvement of Urban Areas and Residential Environments ● This amendment adds unlicensed buildings to the criteria for designating reconstruction or improvement areas and expands the assessment items under the residential environment category in reconstruction inspections.
