Presidential Office: ”We welcome the first yellow envelope law passed since the Lee Jae-myung administration took office” - South Korea

Regarding the passage of the Yellow Envelope Law in the National Assembly on the 24th, the Presidential Office stated, "We welcome the passage of the first Yellow Envelope Law since the inauguration of the Lee Jae-myung administration."
A presidential office official told reporters at the presidential office in Yongsan, Seoul, that afternoon, "There are many concerns that companies will flee (overseas), but (Yoon)
In comparison with the 2024 bill vetoed by former President Yoon Seok-yeol, the bill vetoed regarding the concept of labor disputes was a bill that addressed all disagreements regarding working conditions, etc.
However, the revised bill limits it to management decisions that determine or affect working conditions and have a certain degree of substantial impact."
Unlike the bill introduced last year, the concept of labor disputes has been narrowed down, leaving more room for interpretation by companies.
The official said, "There is a six-month preparation period for the legislation. The government will also gather opinions from labor and management to ensure that the intent of this legislation takes root."
Prior to this, the Diet, led by the Democratic Party of Japan (the ruling party), forced through the Yellow Envelope Law (the proposed amendments to Articles 2 and 3 of the Labor Union and Labor Relations Adjustment Law). The Yellow Envelope Law is a law between employers and employees.
The bill's main points include expanding the scope of the law and limiting claims for damages against striking workers.