[Bills in Focus] High-tech industries support, proactive supply chain measures


Proposed Bill: Amendment to Act on Strengthening High-Tech Industries Representative Lee Sang-sik of the Democratic Party of Korea has proposed an amendment to the current Act, which aims to provide full or significant government support for industrial infrastructure expenses to ensure sustainable growth. This amendment also requires the Minister of Trade, Industry, and Energy to report annually to the National Assembly on the master plan, technology leaks, and measures taken, enhancing oversight and protection of strategic technologies. Proposed Bill: Amendment to Act on Supply Chain Stability Representative Lee Jae-kwan, also from the Democratic Party of Korea, has proposed an amendment to the Act on Strengthening Competitiveness and Stabilizing the Supply Chain of Materials, Components, and Equipment Industry. This amendment seeks to remove the sunset clause of the special account established in 2019, thereby fostering strategic technology development and promoting supply chain stability and national economic growth. The Korea Herald republishes a weekly legislative report by local law firm DR & AJU LLC to provide the latest information on bills approved, proposed, pending, and set to be promulgated. For any queries about the bills, contact cr@draju.com.


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