With Yellow Envelope Act taking effect, unions should exercise restraint
The revised Trade Union and Labor Relations Act, more commonly known as the “Yellow Envelope Act,” has just gone into effect. Labor groups hail it as a step forward for workers’ rights, but critics warn it could destabilize the country’s labor-management relations.
Earlier, the Korean Confederation of Trade Unions warned it would call a general strike in July against prime contractors that refuse to bargain with subcontractors' unions.
The business community, meanwhile, is on edge.
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