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| Kim Byeong-gi, the floor leader of the Democratic Party of Korea, is shaking hands with James Kim, the chairman of the American Chamber of Commerce in Korea (AmCham), at the National Assembly in Yeouido, Seoul, on the 19th before their meeting. This meeting was arranged for the floor leadership, including Representative Kim, to hear AmCham’s opinions on the Yellow Envelope Bill and the second amendment to the Commercial Act. Reporter Lee Sang-seop |
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, ‘[Herald Economy = Han Sang-hyo, Joo So-hyun] The Democratic Party of Korea, which met with the American Chamber of Commerce in Korea (AmCham), said on the 19th regarding the Yellow Envelope Bill (amendments to Articles 2 and 3 of the Trade Union Act), whose passage in the National Assembly plenary session is imminent, “It cannot be modified” and “it will be processed as it is.”‘,
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, ‘Huh Young, the Democratic Party’s Deputy Floor Leader for Policy, responded to reporters’ questions at the National Assembly about whether there is room for modification of the Yellow Envelope Bill after a meeting between the Democratic Party’s Floor Leader, Kim Byeong-gi, and AmCham Chairman James Kim.’,
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, ‘Deputy Floor Leader Huh conveyed Chairman Kim’s remarks, saying, “He explained the various regulatory issues related to business activities in Korea and requested that the ruling Democratic Party aggressively reform those regulations,” adding, “In that context, he expressed concerns about the Yellow Envelope Bill, which is about to be processed.”‘,
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, ‘He continued, “However, since it will be passed, various messages afterward are important,” and said, “He hoped that it would be conveyed through AmCham that it is not a major concern for the business environment of companies intending to enter Korea.”‘,
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, ‘The Yellow Envelope Bill aims to expand the definition of “user” to include those who can essentially control and determine working conditions, granting subcontracted workers the right to negotiate with primary contractors and limiting compensation claims related to strikes. The business community has suggested maintaining the current definition of “user” and extending the enactment period of the law from six months to one year.’,
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, ‘The Democratic Party is determined to push through the Yellow Envelope Bill at the National Assembly plenary session scheduled for the 21st. Consequently, on the previous day (18th), six economic organizations, including the Korea Employers Federation (KEF), held a press conference at the National Assembly Communication Building, and AmCham also met with the Democratic Party’s floor leader to express their concerns.’,
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, ‘When asked whether AmCham requested to delay the processing time of the Yellow Envelope Bill, Deputy Floor Leader Huh replied, “No. AmCham also expects it to be processed during the plenary session,” and added, “The AmCham chairman emphasized that various member messages after the processing are important.”’,
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, ‘Furthermore, Deputy Floor Leader Huh stated, “We discussed how to deliver a stable message after the law’s passage from the ruling party’s perspective, and they actually showed interest and expectations regarding regulatory issues within the Lee Jae-myung government.”‘,
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, ‘When asked whether they are considering delaying the process of the Yellow Envelope Bill considering the scheduled Korea-US summit on the 25th, Deputy Floor Leader Huh said, “There’s nothing so far. There was no direct concern expressed by the U.S. side regarding the Yellow Envelope Bill,” adding, “There were various messages regarding the Online Platform Act from the U.S. side, but AmCham has not mentioned the Online Platform Act.”’,
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