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 [...]
SEOUL, Aug. 12 (Korea Bizwire) — Over half of foreign companies operating in South Korea expect a contentious pro-labor bill being pushed forward by opposition parties will negatively impact their businesses here, a survey showed Monday. In the survey conducted by Mono Research on 100 foreign companies with over 100 employees from July 26 to [...]
SEOUL, July 22 (Korea Bizwire) – A parliamentary committee unilaterally passed a pro-labor bill Monday that aims to limit companies from making claims for damages against legitimate labor union disputes. Lawmakers affiliated with the main opposition Democratic Party and other progressive parties passed the revision to the Trade Union and Labor Relations Adjustment Act, nicknamed [...]
SEOUL, Feb. 20 (Korea Bizwire) — A revision of the Trade Union and Labor Relations Adjustment Act, which is mainly intended to strictly restrict filing damage suits against workers on strike, has emerged as a political hot potato, as the liberal opposition parties are pushing to railroad the bill. The controversial issue dates back to [...]