Proposed Bill: Partial Amendment to the Restitution of Development Gains Act, proposed by Rep. Suh Bum-soo of the People Power Party, seeks to boost construction investment by reducing development charges for authorized development projects from January 1, 2024, to December 31, 2024. This amendment aims to alleviate the impact of decreased construction permits and land area under development on local economies and the job market. By improving economic sentiment, it aims to support the real estate market and construction investment. Proposed Bill: Partial Amendment to the Community Credit Cooperatives Act, proposed by Rep. Kim Seung-su of the People Power Party, aims to improve the management of community credit cooperatives by expanding the qualifications for full-time executive officers to include individuals with sufficient experience as a member or delegate of a credit cooperative. This amendment seeks to enhance the management expertise and qualifications for full-time executive officers in credit cooperatives. For inquiries about the bills, contact cr@draju.com. The Korea Herald republishes a weekly legislative report by local law firm DR & AJU LLC to provide the latest information on approved, proposed, pending, and promulgated bills.