Laws Archives | Be Korea-savvy
Revised Economic Laws to Curb Top Shareholders’ Dominance, Unfair Business Practices

Revised Economic Laws to Curb Top Shareholders’ Dominance, Unfair Business Practices

SEOUL, Dec. 9 (Korea Bizwire) — The so-called three fair economy bills passed Wednesday by the National Assembly are designed to keep in check top shareholders’ corporate dominance and enhance supervision of conglomerates’ business practices, including inter-affiliate transactions. But business circles and critics voiced concerns that the measures could sap companies’ business sentiment and shrink [...]

Laws Enacted to Improve Indoor Air Quality

Laws Enacted to Improve Indoor Air Quality

SEJONG, Dec.16 (Korea Bizwire) – A new law that prevents the distribution of building materials causing sick building syndrome (SBS) will be enacted. Regulations restricting the use of radon, which causes lung cancer, will also be strengthened. The Ministry of Environment announced that the revised bill on ‘Management of Indoor Air of Multi-purpose Facilities’ passed [...]