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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 . ....
South Korea’s major public housing corporation is facing multiple probes into its residential buildings found to be missing steel reinforcement that is needed to yield higher strength and protect against corrosion. After the safety violations surfaced, the ruling People Power Party and the Yoon Suk Yeol administration vowed a crackdown on unsafe or illegal building practices in the construction industry. The ru. ....
Ruling Camp, Gov't Plan to Provide Compensation for Poorly Built Apts. kbs.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kbs.co.kr Daily Mail and Mail on Sunday newspapers.
The government and the ruling People Power Party agreed Wednesday to push for granting prospective residents of poorly constructed apartments developed by the state-run Korea Land and Housing Corp. (LH) the right to cancel their contracts. During an emergency high-level policy coordination meeting, they also promised to provide sufficient compensation to current residents of LH apartments affected by construction def. ....