South Korean legislators from the People Power Party have introduced new bills aimed at adjusting the tax framework for virtual assets and modifying the Electric Utility Act to facilitate carbon-neutral corporate energy procurement. Representative Kim Jae-sub has put forward an amendment to the Income Tax Act, while Representative Lee Sang-hwi is spearheading changes to electricity regulations. Simultaneously, the Democratic Party of Korea is advancing a Class Action Act currently under legislative review. In other regulatory developments, the Financial Services Commission has overseen the promulgation of the Microfinance Support Act. Additionally, authorities have issued an administrative announcement regarding updates to the enforcement decree of the Monopoly Regulation and Fair Trade Act, reflecting ongoing shifts in the nation's financial and industrial policy landscape.
Source : The Korea Herald
Photo : The Korea Herald
