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[Bills in Focus] Display of in-game items, future car development

Pending Bill: Partial Amendment to the Income Tax Act Proposed by Rep. Park Dae-chul (People Power Party) ●This amendment proposes canceling the planned implementation of the financial income tax system next year, which imposes a 20-25 percent tax on capital gains from investments in financial investment products, such as stocks, bonds and funds, that are worth 50 million won ($38,230) or more. The financial investm. ....

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[Bills in Focus] Game user protection, fostering AI industry

Proposed Bills: Partial Amendment to the Game Industry Promotion Act Proposed by Rep. Kim Seung-su (People Power Party) ●This amendment ensures users can receive compensation for damages caused by intentional indication of misinformation for probabilistic game items by introducing a punitive damages system that mandates a compensation of twice the maximum damages. Game companies must prove that there was no intentio. ....

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[Bills in Focus] Windfall tax on banks and urban infra refurbishment

Proposed bill: Partial Amendment to the Act on the Protection of Financial Consumers Proposed by Rep. Kim Sung-joo (Democratic Party of Korea) ● Persisting high prices and interest rates have benefited certain financial companies at the expense of financially vulnerable people and small-business operators. This amendment requires financial companies with a net interest margin exceeding 120 percent of their average n. ....

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