Written by 11:09 AM Politics

Significant changes in the Yellow Label Law Season 2… Companies on high alert with increased toxic provisions.

Reviewing the ‘Stronger’ Yellow Envelope Law of the Giant Opposition Party
Exemption of Labor Union Compensation Liability… Widespread Concerns about Illegal Acts

Park Chan-dae, acting president of the Democratic Party of Korea and floor leader (center), is speaking at a meeting of the highest top executives held at the National Assembly on the morning of the 5th.

Park Chan-dae, acting president of the Democratic Party of Korea and floor leader (center), is speaking at a meeting of the highest top executives held at the National Assembly on the morning of the 5th.

Chairman Han Dong-hoon of the People's Power Party is speaking at a meeting of the highest top executives held at the party's headquarters in Yeouido, Seoul on the 5th.

Chairman Han Dong-hoon of the People’s Power Party is speaking at a meeting of the highest top executives held at the party’s headquarters in Yeouido, Seoul on the 5th.
, “[Financial News] The so-called ‘Yellow Envelope Law (Revision of the Labor Union and Labor Relations Adjustment Act Article 2-3)’, which passed the National Assembly plenary session, has led to sharper divisions between the ruling and opposition parties compared to the 21st National Assembly. This is because the opposition party, which leads the legislation in the 22nd National Assembly, has significantly strengthened the labor law. “,

, “While the ruling party strongly protests that the toxic provisions have doubled, there are concerns that the competitiveness of companies will be greatly undermined, particularly due to the clause that exempts ‘labor union activities’. “,

, “According to political circles on the 6th, the day before, opposition parties, including the Democratic Party of Korea, independently dealt with ‘No-Bong Law Season 2’, which was thwarted by President Yoon Suk-yeol’s exercise of the right to reject/review in the 21st National Assembly. In response to this, members of the People’s Power Party boycotted the vote, while members of the Reform New Party, including Lee Jun-seok and Lee Ju-young, voted against it. “,

, ‘The newly added Article 3, Paragraph 2 of the labor law is considered a crucial toxic provision. It stipulates that labor unions or workers who unavoidably cause damage to users due to illegal acts by users are not liable for compensation. There are concerns that with this clause, if workers use the pretext of the user\’s illegality, the ban on the user\’s claims for damages even if they go on strike every day will lead to rampant illegal acts by labor unions. ‘,

, ‘Also noteworthy is the deletion of Article 2, Paragraph 4 of the labor law, which prohibited non-workers from joining a labor union. Although it aims to guarantee the right to organize for special wage workers and platform workers who are not employees, concerns have been raised that conflicts in industrial sites will intensify immediately. ‘,

, “Opposition voices against Article 2, Paragraph 4 of the labor law, which was included in the 21st National Assembly revision bill (expansion of the scope of users), are also strong. The expansion of the scope of ‘users’ virtually extends it to the original employer, allowing numerous subcontractors to directly engage in labor disputes with a single original user, leading to significant confusion in the industrial site. “,

, ‘In the meantime, the opposition party has also argued that the bill is a “pro-business law.” Park Chan-dae, acting president and floor leader of the Democratic Party, stated at a meeting of the highest executives the day before, “The Yellow Envelope Law is a pro-labor, pro-mayor, pro-business law,” and said, “When respecting the rights of workers guaranteed by the Constitution, dialogue and compromise between labor and management are possible, and when that happens, the market economy will operate more stably.” ‘,

, ‘However, the People\’s Power Party is currently stating that it will suggest to President Yoon to exercise his right of rejection. Chairman Han Dong-hoon of the People\’s Power Party stated at the same meeting of the highest executives on the same day, “This law greatly increases the leverage of unions for political strikes,” and “it will result in directly blocking South Korea\’s upward development.”.\n’]

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