Tag: amendment

amendment

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National Assembly Speaker Woo Won-shik declares the second plenary session of the May extraordinary National Assembly closed at the National Assembly in Yeouido, western Seoul, on May 8. [YONHAP]

Assembly speaker won't put martial law amendment proposal to a vote, blames PPP for threatened filibuster

National Assembly Speaker Woo Won-shik on Friday declared he will not put to a vote a constitutional amendment bill requiring the president to obtain parliamentary approval before declaring martial law.

2026.5.8

Lawmakers attend a plenary session of the National Assembly on an amendment to the Criminal Act, at the National Assembly in Yeouido, western Seoul, on Feb. 26. [YONHAP]

Scope of 'espionage' to include leaks to allies, foreign companies with first revision in 73 years

A revision to the Criminal Act that expands espionage charges to cover leaks of state secrets and advanced technologies to not only adversarial states but any foreign country was placed on the National Assembly’s plenary agenda on Wednesday.

2026.2.26

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An amendment to the Commercial Act is being passed at the plenary session of the National Assembly in Yeouido, western Seoul on Feb. 25. [YONHAP]

Filibuster fails to foil Commercial Act revision, passes Assembly

The National Assembly passed a bill mandating comapanies to cancel holdings of their own shares on Wednesday, as the Democratic Party (DP) pushed through a third revision to the Commercial Act.

2026.2.25

People Power Party Rep. Yoon Han-hong, at the podium, delivers a filibuster at the National Assembly after a revision to the Commercial Act to mandate the retirement of treasury shares was tabled at the plenary session of the National Assembly on Feb. 24. [YONHAP]

Mandatory treasury share retirement: A remedy to the 'Korea discount' or a poison pill for corporate defense?

As a hotly contested bill requiring companies to cancel holdings of their own shares marches toward passage in the National Assembly, business owners are on edge over the potential loss of a key defense against hostile takeovers.

2026.2.25

Yellow school buses for English kindergartens are parked on a street in Gangnam District, southern Seoul on March 13. [YONHAP]

Korea to stop entrance exams for English preschools next year

Entrance exams for preschool English academies — also known as “English kindergartens” — will be banned as early as June next year under a new law aimed at curbing early childhood cram schooling.

2025.12.9

Cho Won-cheol, Minister of Government Legisation, announces the government's legislative goals at the Sejong Government Complex on Sept. 17. [YONHAP]

Government to push 4.5-day workweek bill this year

The government aims to push its so-called 4.5-day workweek bill to the National Assembly by the end of the year, according to reports on Wednesday.

2025.9.17

Democratic Party floor leader Kim Byung-kee speaks at a meeting held on Aug. 1 at the National Assembly in western Seoul. [YONHAP]

DP to review lowering capital gains tax threshold amid public backlash

The Democratic Party will review a possible reversal of the government’s plan to lower the threshold for capital gains tax on major shareholders in response to investor backlash following the announcement of a sweeping tax reform plan.

2025.8.3

Democratic Party policy chief Jin Sung-joon, center, speaks during a meeting with vice chairs of Korea’s six major business lobbies at the National Assembly in Yeouido, western Seoul, on June 30 to hear their views on the party’s push to amend the commercial code. [YONHAP]

DP takes 'pass first, revise later' stance on commercial code amendment, much to business community's chagrin

The Democratic Party (DP) is standing by its “pass first, revise later” stance on a controversial commercial code amendment despite pleas from Korea’s business community to reconsider.

2025.6.30

Democratic Party candidate Lee Jae-myung, left, and People Power Party candidate Kim Moon-soo, right, have both issued proposals for constitutional reform on the campaign trail. [YONHAP]

Korea's presidential candidates want constitutional reform. Experts say they don't go far enough.

Korean presidential candidates propose reforms to curb presidential power, but experts argue their plans fail to address deeper systemic issues.

2025.5.30

Democratic Party presidential candidate Lee Jae-myung, left, and People Power Party presidential candidate Kim Moon-soo, right, each waves to supporters during campaign rallies on May 25. [NEWS1]

Over 60% of Korean voters support shortening presidential terms, allowing re-election

Over 60 percent of Korean voters said they supported amending the Constitution to replace the current single five-year presidential term with a four-year renewable term or a term allowing re-election, a poll showed.

2025.5.27