The Korea Enterprises Federation submitted 119 proposals concerning the Yellow Envelope Act, which took effect in March, calling for matters related to corporate management authority, such as investment and personnel allocation, to be excluded from the scope of labor-management negotiations.
The Korea Enterprises Federation submitted 119 proposals concerning the revised Trade Union Act known as the Yellow Envelope Act, calling for matters related to management authority, such as investment and personnel allocation, to be excluded from the scope of labor-management negotiations.
The proposals are said to include the aim of ensuring stable corporate management by placing matters affecting management authority outside the framework of labor-management negotiations. They are understood to encourage discussion of the specific scope of the provisions and appropriate procedures for their application.
The background includes the Yellow Envelope Act, which took effect in March. Further reporting and explanations from the government and other relevant parties are expected regarding future developments and the scope of the law's interpretation and application.