[Bills in Focus] Tougher measures against family monopolies, housing scams, construction safety
PoliticsAug 21, 2023
Proposed bill: Partial Amendment to the Monopoly Regulation and Fair Trade Act Proposed by Rep. Kim Han-kyu (Democratic Party of Korea) ● Although the current law stipulates stringent penalties against the provision of unfair benefits to specially related parties, the effectiveness of such penalties is limited due to the insufficient time frame given by the current statute of limitations. This amendment extends the statute of limitations for the provision of unfair benefits to related contractor