Other Legal Notes
Recommended Post: 【Introduction to Law】 Introduction to Law Table of Contents
2. U.S. Laws
1. Other Korean Laws
⑴ Commercial Law
① In a stock company with total capital under 1 billion KRW, only one director is required instead of three
⑵ Administrative Law
① General public officials are liable for their actions : Often require intent or negligence
② Political public officials are liable for the outcome : Often do not require intent or negligence
⑶ Public Officials Ethics Act
① Jewelry under 5 million KRW is not subject to property disclosure
⑷ E-commerce Act
① Refunds are possible for change of mind if within 7 days of receiving the product
② For returns due to change of mind, the buyer is responsible for return shipping costs
⑸ Attorney’s Qualification as Tax Accountant : Related to Attorney Act and Tax Accountant Act
① Since 2018, the automatic granting of tax accountant qualification to attorneys has been abolished
② The Tax Accountant Act stipulates criminal penalties for using the title “tax accountant” without registration
○ Sentencing Guidelines : Up to 1 year imprisonment or a fine of up to 10 million KRW
○ Therefore, even attorneys who were automatically granted the qualification cannot use the title “tax accountant”
○ In 2008, the Constitutional Court ruled that the prohibition on attorneys using the “tax accountant” title is constitutional
⑹ Building Act
① In 1969, the Building Act was amended to prohibit individuals from constructing buildings larger than 300 pyeong
⑺ National Assembly Act
① A fast-track bill can be designated if approved by at least 3/5 of the total members or 3/5 of the committee members
② Once designated as a fast-track bill, it goes through the process: Committee within 180 days → Legislation and Judiciary Committee within 90 days → Plenary Session within 60 days
③ If agreement is not reached within 180, 90, or 60 days respectively, it automatically proceeds to the next stage
2. U.S. Laws
⑴ U.S. Supreme Court Justices
① 9 members
② Lifetime appointment
③ 3 months of annual vacation : Also perform special lecture duties
④ 4 justices must agree to hear a case from a federal appellate court
⑤ The acceptance rate of such cases is under 10%
3. Japanese Laws
⑴ Prenuptial agreements are valid in Japan : In South Korea, they are void for being against public order under Article 103
Input: 2023.12.20 23:20