Personal information protection, new authority for real estate dispute
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 Personal Information Protection Act
Proposed by Rep. Lee Jung-mun (Democratic Party of Korea)
● In the event of a leak of sensitive or personally identifiable information, this amendment requires personal information controllers to monitor the illegal distribution of the leaked data for two years and report the findings to the Personal Information Protection Commission.
Proposed Bill: Partial Amendment to the Act on the Improvement of Urban Areas and Residential Environments
Proposed by Rep. Maeng Sung-kyu (Democratic Party of Korea)
● This amendment consolidates the currently fragmented construction and real estate-related dispute mediation bodies into a single Integrated Construction and Real Estate Dispute Mediation Committee under the Ministry of Land, Infrastructure and Transport, which will serve as the central coordinating authority for such disputes.
Pending Bill: Partial Amendment to the Housing Act
Proposed by Rep. Han Jeoung-ae (Democratic Party of Korea)
● This amendment replaces the legal term 'industrialized housing,' which refers to housing built using modular construction techniques, with 'prefabricated housing,' and provides regulatory incentives for such housing by easing restrictions on the building coverage ratio and floor area ratios.
Promulgated Bill: Enforcement Decree of the Occupational Safety and Health Act
Competent Authority: Ministry of Employment and Labor
● This bill requires business owners to report the dismissal of safety and health managers or occupational medicine doctors to the relevant regional employment and labor office.
Competent Authority: Financial Services Commission
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