Written by 뉴스넷• 2024-07-29•
3:16 PM•
Economics
Federation of Korean Industries and five other economic organizations warn of industrial ecosystem collapse if “Yellow Bag Law” is passed.
HomeEconomicsFederation of Korean Industries and five other economic organizations warn of industrial ecosystem collapse if “Yellow Bag Law” is passed.
![(From left) Kim Go-hyun, President of the Korea International Trade Association; Park Dong-min, President of the Korea Employers Federation; Jung Yoon-mo, Vice Chairman of the Federation of Korean Small and Medium Businesses; Lee Sang-ho, Head of the Korea Economic Leaders Federation; Jung Jeom-sik, Chairman of the Policy Committee of the People Power Party; Choo Kyung-ho, Floor Leader of the People Power Party; Son Kyung-shik, Chairman of the Federation of Korean Industries; Park Sung-min, Member of the People Power Party; Lee Dong-keun, Vice Chairman of the Federation of Korean Industries; Lee Ho-joon, Vice Chairman of the Korea Federation of Small and Medium Business; Jo Gi-yeon, Member of the People Power Party. / Photo=Provided by the Federation of Korean Industries</em></span>, “On the 29th, the Federation of Korean Industries (FKI) along with the Korea Employers Federation, the Korea Economic Leaders Federation, the Korea International Trade Association, the Federation of Korean Small and Medium Businesses, and the Korea Federation of Small and Medium Business held an emergency meeting with Choo Kyung-ho, the Floor Leader of the People Power Party, at the National Assembly to convey the economic sector’s opinions on the proposed amendment to the labor union law known as the ‘Yellow Flag Law’.”</p>
<p>On that day, the economic six organizations stated, “As the opposition party declares its intention to pass the amendment to the labor union law in the plenary session of the National Assembly, concerns are growing in the industrial sector that it could lead to extinction.” They explained, “If the amendment unreasonably expands the scope of employers and subcontractor unions constantly demand collective bargaining with prime contractors, the industrial ecosystem between prime and subcontractors will collapse, and employees of cooperating companies may lose their jobs.”</p>
<p>Furthermore, they pointed out, “The majority of damages related to illegal collective bargaining activities are arising from violent occupation of the workplace. However, the amendment fails to address these issues to improve the law and instead practically blocks claims for damages related to illegal collective bargaining, thus promoting extreme illegal labor actions.”</p>
<p>Son Kyung-shik, Chairman of the FKI, stated, “We earnestly request that the amendment to the labor union law not be passed in the plenary session to allow our companies to conduct business normally.” He added, “Despite this appeal, if the opposition unilaterally passes the amendment to the labor union law, we sincerely request that the President exercise his veto power.”</p>
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