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Yellow Envelope Act

The revised Trade Union Act now in force in South Korea, whose ambiguous dispute scope the ministry is trying to pin down through guidelines.

Known aliases

  • revised Trade Union Act
  • Trade Union Act amendment

Current stories

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Samsung Biologics union asks Samsung Electronics to bargain as its employer under Korea's new labor law

Samsung Biologics' union asked Samsung Electronics, its roughly 31% shareholder, to bargain over pay and promotions as its employer. The claim tests how far Korea's Yellow Envelope law reaches into a corporate group, while a three-week strike from Oct. 26 could cost, at May's loss rate, about a quarter's operating profit.

Reality

Evidence70
Adoption
Insufficient
Hype gap+10
Incentives55
Confidence65