Korea Joongang Daily
Korea JoongAng Daily

KEF makes proposals to National Assembly, including revising Yellow Envelope Bill

The Korea Enterprises Federation (KEF) has submitted a set of 20 legislative proposals to the National Assembly aimed at revitalizing the economy and strengthening corporate competitiveness as the regular parliamentary session nears its end.

2025-11-04

European companies may ultimately withdraw from Korea over Yellow Envelope Bill: ECCK

The European Chamber of Commerce in Korea (ECCK), which represents European companies operating in Korea, has once again raised concerns over the so-called "Yellow Envelope Bill," warning it could constrain foreign companies' operations.

2025-09-25

Robot stocks rally as 'Yellow Envelope Bill' fuels automation fears

The passage of the "Yellow Envelope Bill" in the National Assembly has sparked a surge in robot-related stocks, reflecting investor expectations that companies may accelerate automation to offset rising labor risks.

2025-09-06

A third of foreign companies considering closing shop after 'Yellow Envelope Bill'

One-third of foreign firms in Korea may cut investments due to the pro-labor 'Yellow Envelope Bill,' raising concerns among business groups.

2025-08-27

GM may reconsider Korea operations with 'Yellow Envelope Bill,' CEO says

The passage of the pro-labor “Yellow Envelope Bill” in the National Assembly has reignited speculation that GM Korea may withdraw from the country after President and CEO Hector Villarreal warned that Detroit could reconsider its operations here.

2025-08-25

Three key questions emerge as National Assembly pushes pro-labor bill forward

The National Assembly passed the 'Yellow Envelope Bill,' raising questions about labor relations, representation and enforcement timelines.

2025-08-24

GM Korea urges Seoul to reconsider before passage of pro-labor bill

Hector Villarreal, chief executive officer (CEO) of GM Korea, has asked the government to reconsider a controversial pro-labor "Yellow Envelope Bill" ahead of its passage in parliament, industry sources said Sunday.

2025-08-24

National Assembly passes pro-labor 'Yellow Envelope Bill'

The National Assembly passed a controversial labor bill that broadens workers' rights Sunday. The ruling Democratic Party led the vote, pushing the "Yellow Envelope Bill" through, despite a filibuster by the main opposition People Power Party (PPP).

2025-08-24

Business groups urge lawmakers to reconsider DP's labor bill

Business groups urge lawmakers to reconsider the "Yellow Envelope Act," fearing increased labor disputes and economic impact.

2025-08-20

DP to push ahead with controversial labor bill despite Amcham opposition

The Democratic Party (DP) on Tuesday reaffirmed its plan to push ahead with a controversial labor bill despite opposition from the American Chamber of Commerce in Korea (Amcham).

2025-08-19