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Defense minister offers to resign amid criticisms of Marine's death

Defense Minister Lee Jong-sup has offered to resign amid criticisms of the ministry s controversial handling of investigations into the death of a Marine during a search-and-rescue operation. The move came as the main opposition Democratic Party of Korea (DPK) seeks to pass a motion on impeaching the minister, which will suspend the minister from his job and freeze President Yoon Suk Yeol s authority to replace him for months until the Constitutional Court makes a decision. ....

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[Bills in Focus] Targeting deceptive gains from convertible bonds, retrieving short-swing profits

Proposed bill: Partial Amendment to the Financial Investment Services and Capital Markets Act Proposed by Rep. Lee Wong-woo (Democratic Party of Korea) To prevent the exploitation of callable convertible bonds (CB) for deceptive gain and power, this amendment prohibits stock-listed corporations from selling the call options of the CB or bonds with warrant (BW) to their largest shareholder or affiliated persons. It al. ....

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[Bills in Focus] Tougher measures against family monopolies, housing scams, construction safety

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 . ....

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