”Yellow Envelope Law” to be submitted to the National Assembly plenary session on the 23rd... People's Power will counter with a filibuster = South Korea

In South Korea, the "Yellow Envelope Law (Amendment to Articles 2 and 3 of the Labor Union Law)" will be submitted to the National Assembly plenary session on the 23rd. The People's Power Party is teasing a filibuster (unlimited debate), and the bill will be submitted at noon on the 24th.
The bill is expected to be passed under the leadership of the Democratic Party of Korea. The National Assembly will hold a plenary session at 9 a.m. on the same day and introduce the Yellow Envelope Bill. The People's Power Party has requested a filibuster to prevent the bill from being passed.
In response, the Democratic Party of Korea plans to immediately submit a motion to end the open debate, which would allow a vote to end the filibuster 24 hours later.
Once the filibuster ends on the morning of the 24th, a vote on the Yellow Envelope Act will be held. Since the Democratic Party of Korea holds a majority of seats in the National Assembly,
The main contents of the Yellow Envelope Law are: 1) expanding the concept of employer (including subcontracted workers who are effectively controlled); 2) restricting the scope of "employment" when non-employees join a labor union.
The provision that "does not apply to labor unions" has been deleted. The definition of labor disputes has been expanded to include "decisions affecting working conditions" and "violations of collective agreements." The scope of limitations on labor union liability for damages has been expanded, and compensation can now be sought in court.
The bill also strengthens the requirements for awarding compensation (including retroactive legislation), etc. The business community has stated that "the proposed amendments could potentially infringe on employers' management rights, as even business decisions could be subject to industrial action."
They are strongly opposed to the law, saying, "Frequent and violent labor disputes are shaking the industrial ecosystem to its very core and threatening the employment of future generations."
The ruling party, however, has made it clear that it intends to pass the bill. Kim Yong-beom, chief of staff for presidential policy, said at a press conference on the 20th, "The amendment to the Labor Union Act is a
He emphasized that the law is for "real growth" that will lead to symbiosis between labor and management of former and subcontractors and improved productivity of companies. He also commented on concerns that the enactment of the "yellow envelope law" will lead to an increase in companies moving overseas.
Even if the bill is enacted, the current bill will be passed by the end of the fiscal year.
In response, Han Jeong-ae, policy director of the Democratic Party of Korea, said, "We are in a hurry for now, so we need a little more time.
"We are just asking for a delay," he said, asserting, "This law is designed to function as a guideline based on the precedents that have been accumulated so far, so there is no need to be anxious."
If the Yellow Envelope Law passes the Diet plenary session on the 24th, a stronger bill to amend the Commercial Code will be submitted immediately. The People's Power Party is also planning to filibuster the Commercial Code amendment bill.
The bill will require large listed companies with total assets of 2 trillion won or more to adopt a centralized voting system, and separate elections will be implemented.
The amendment will increase the minimum number of audit committee members from the current one to two. This will make it easier for directors recommended by minority shareholders to be included on the board of directors, which is effectively controlled by the controlling shareholder.
This is the second amendment to the Commercial Code by the Lee Jae-myung administration, following the first amendment to the Commercial Code, which expanded the duty of loyalty of corporations to include "shareholders."