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[Yulchon LLC] Significant Changes to Korea’s Union Act Expected Imminently
Yulchon LLC has released a Legal Update on the topic of “Significant Changes to Korea’s Union Act Expected Imminently” regarding the Yellow Envelope Act and recent activities in the areas of labor and employment.
The so-called “Yellow Envelope Act” passed through the Legislation and Judiciary Committee of the Korean National Assembly on August 1, 2025. Further significant changes to the legislation are unlikely, and the president has expressed his intention to sign the bill into law. Another version of the bill was vetoed by the previous president multiple times.
This legislation will make significant changes to Korea’s Trade Union and Labor Regulations Adjustment Act (the “Union Act”). This version of the bill is not identical to the version vetoed by the former-president Yoon last year, but is very similar in its scope and approach.
[Yulchon LLC] Significant Changes to Korea’s Union Act Expected Imminently
Yulchon LLC has released a Legal Update on the topic of “Significant Changes to Korea’s Union Act Expected Imminently” regarding the Yellow Envelope Act and recent activities in the areas of labor and employment.
The so-called “Yellow Envelope Act” passed through the Legislation and Judiciary Committee of the Korean National Assembly on August 1, 2025. Further significant changes to the legislation are unlikely, and the president has expressed his intention to sign the bill into law. Another version of the bill was vetoed by the previous president multiple times.
This legislation will make significant changes to Korea’s Trade Union and Labor Regulations Adjustment Act (the “Union Act”). This version of the bill is not identical to the version vetoed by the former-president Yoon last year, but is very similar in its scope and approach.
To read the Yulchon LLC’s Legal Update in full format, please visit here: [법무법인 율촌] Significant Changes to Korea’s Union Act Expected Imminently