June 4 (UPI) -- During May's televised debate ahead of the South Korean presidential election, Democratic Party candidate Lee Jae-myung was asked about the pro-labor "Yellow Envelope Act."
Lee, who was elected as the country's 21st state head Tuesday, replied positively about the bill, which is designed to limit employers' damage claims against workers involved in strikes.
"The Yellow Envelope Act reflects the Supreme Court's verdicts and is aligned with the International Labor Organization standards. Its legislation is something that should be done obviously," he said.
Observers point out that the response amply demonstrates what may lie ahead for Asia's fourth-largest economy under Lee's leadership during the next five years.
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