SEOUL, Aug. 27 (Korea Bizwire) — Naver’s labor union staged its first rally since the passage of the so-called “Yellow Envelope Law,” demanding that the tech giant take direct responsibility for stalled wage negotiations across its subsidiaries. At a demonstration outside Naver’s Green Factory headquarters in Seongnam on Wednesday, workers from six wholly owned or [...]
SEOUL, Aug. 25 (Korea Bizwire) — A sweeping change to South Korea’s labor law is already fueling a surge of demands from subcontractor unions, rattling the country’s largest corporations and raising fears of escalating industrial conflict. On August 24, parliament passed the so-called “Yellow Envelope Law,” an amendment to the Trade Union and Labor Relations [...]
SEOUL, Aug. 25 (Korea Bizwire) – Unionized workers of Hyundai Motor Co. on Monday voted in favor of launching a strike to demand higher pay, the union said, a move that could lead to the company’s first walkout in seven years. In a daylong vote, 86.15 percent of members supported the strike plan, with nearly [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s business community reacted with alarm on Sunday after the National Assembly, led by the Democratic Party, passed the so-called Yellow Envelope Law, a sweeping revision to labor legislation that broadens the definition of strikes and limits corporate damage claims against workers. Six of the country’s largest business lobbies [...]
SEOUL, Aug. 24 (Korea Bizwire) — As South Korea’s ruling party presses ahead with the passage of the so-called Yellow Envelope Law, one of the country’s most prominent foreign manufacturers, GM Korea, has urged the government to reconsider, warning that its Korean operations could face a reassessment by Detroit headquarters. At a closed-door meeting convened [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s National Assembly has approved amendments to the Trade Union and Labor Relations Adjustment Act, known as the Yellow Envelope Law, granting subcontracted and platform workers broader bargaining rights and restricting corporate claims for damages against unions. The law, passed on August 24, will take effect after a [...]
SEOUL, Aug. 24 (Korea Bizwire) — Nearly a decade after it was first proposed, South Korea’s National Assembly on Sunday passed the so-called Yellow Envelope Law, a landmark revision to the Trade Union and Labor Relations Adjustment Act that limits companies’ ability to claim damages against striking workers and strengthens protections for subcontracted labor. The legislation, [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s major business groups on Monday called for the parliament to reflect local companies’ voices in the controversial “yellow envelope bill,” which seeks to broaden workers’ rights. “The business community has continuously emphasized the need for sufficient coordination between employers and workers, as the new bill could create [...]
South Korea Moves to Codify ‘Equal Pay for Equal Work’ by 2025, Amid Hurdles to Implementation SEOUL, Aug. 17 (Korea Bizwire) — The South Korean government is set to codify the principle of “equal pay for equal work” into the Labor Standards Act by the end of this year, aiming to implement the policy as [...]
SEOUL, Aug. 14 (Korea Bizwire) — Hyundai Steel has withdrawn a 4.61 billion won ($3.4 million) damages lawsuit against members of its irregular workers’ union, who staged a strike in 2021. The move comes as the ruling Democratic Party pushes to pass the so-called “Yellow Envelope Law” this month, aimed at limiting companies’ ability to seek [...]