SEOUL, July 31 (UPI) -- Organizations that represent global corporations in South Korea have raised concerns about the so-called "Yellow Envelope Law," a pro-labor bill that the ruling Democratic Party is seeking to pass with its parliamentary majority.
The bill is intended to protect subcontracted workers, limit corporate lawsuits seeking damages from strikes and expand legal responsibility for company executives who avoid collective bargaining.
"A flexible labor environment is essential to strengthening Korea's competitiveness as a business hub in the Asia-Pacific region," American Chamber of Commerce in Korea Chairman and CEO James Kim said in a statement Wednesday.
"If enacted in its current form, this legislation could influence future investment decisions by American companies considering Korea," he said..
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