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UPDATES
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Legal, Regulatory and Policy Updates on Online Platforms and Content Provision Businesses
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As the size and social influence of online platforms and content provision businesses grow, various regulatory bills are being proposed and government authorities are accelerating discussions on establishing relevant policies.
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Update on HR/Labor Law Amendments
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On April 29, 2021, a total of eight proposed amendments to labor-related laws, including the Labor Standards Act, were approved in the plenary session of the National Assembly and were promulgated into law on May 28, 2021.
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Notable Proposed Tax Law Amendments of 2021
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On July 26, 2021, the Ministry of Economy and Finance released its 2021 proposed tax law amendments, which would generally be effective from 2022 if finalized and ratified by the legislature.
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KFTC Announces Proposed Amendment to the Enforcement Decree to the FTL
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Amendment to Fairness in Franchise Transactions Act
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FSC Designates D-SIBs and D-SIFIs for 2022
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FSC Announces Proposed Amendments to the FSCMA Restructuring Private Fund Regulations
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Proposed Amendment to Ease Regulations on Non-Face-to-Face Solicitation of Insurance
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KCGS Amends ESG Best Practice Guideline
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Amendment to Environmental Tech and Industry Support Act
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Patent Act, Trademark Act and Design Protection Act Amended to Expedite IPTAB Administrative Trials
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Key Amendments to Customs Act Included in 2021 Proposed Tax Law Amendments
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Notification on Registration and Management of Purchasing Agents Enacted and Implemented
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Key Changes in Proposed Amendment to Buy American Rule and Their Impact on Korean Companies
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Recent Court Decisions on Whether Incentives Are Considered Wages
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Promulgation of Act on Win-Win and Revitalization of Regional Commercial Zone
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