Yellow Envelope News Today

Korea’s six largest business lobbies held a press conference, Monday, condemning the passage of a bill at the National Assembly last Thursday for labor-friendly revisions to the Trade Union and Labor Relations Adjustment Act.

South Korea's major business lobby groups on Monday requested that President Yoon Suk Yeol exert his veto power against a pro-labor union revision bill unilaterally passed by the main opposition party last week. The so-called Yellow Envelope bill, a revision to the Labor Union and Labor Relations Act, aims to limit companies from filing damage suits and provisional seizures against workers on strike, as well as ...

A bill to amend Articles 2 and 3 of the Trade Union Act passed the National Assembly’s plenary session on Nov. 9. The amendment bill will help unionized workers bargain with their “real users” and better protect them from management’s murderous demands for damage compensation.

The majority opposition Democratic Party of Korea last Thursday passed the so-called Yellow Envelope bill and three bills relating to broadcasting. All of the ruling People Power Party lawmakers boycotted the vote in protest. The Yellow Envelope bill, a revision to the Labor Union and Labor Relations Act, allows employees of subcontractors to demand that main contractors enter collective bargaining with them and to s...

The majority opposition Democratic Party of Korea last Thursday passed the so-called Yellow Envelope bill and three bills relating to broadcasting. All of the ruling People Power Party lawmakers boycotted the vote in protest. The Yellow Envelope bill, a revision to the Labor Union and Labor Relations Act, allows employees of subcontractors to demand that main contractors enter collective bargaining with them and to s...

South Korea's gross domestic product increased 0.6 percent in the second quarter from the previous quarter. It is fortunate that it increased two straight quarters after seeing negative growth in the fourth quarter last year due to a slump in exports. But Korea's GDP grew in the second quarter because imports decreased more than exports did. Exports shrank by 1.8 percent and imports by 4.2 percent. It is wo...

South Korea's gross domestic product increased 0.6 percent in the second quarter from the previous quarter. It is fortunate that it increased two straight quarters after seeing negative growth in the fourth quarter last year due to a slump in exports. But Korea's GDP grew in the second quarter because imports decreased more than exports did. Exports shrank by 1.8 percent and imports by 4.2 percent. It is wo...

When individual workers who participate in an illegal strike are held responsible for financial damages, the degree of responsibility should be considered individually according to the degree of contribution in illegal activities, the Supreme Court ruled Thursday. The Supreme Court on Thursday returned a lower court ruling that sided with South Korean carmaker Hyundai Motor in seeking compensation from unionized work...

Koreas legislation is trapped in a vicious loop of the majority-holding main opposition party unilaterally tabling controversial bills and President Yoon Suk Yeol countering with his veto right.

Washington, Nov 5 (Prensa Latina) The 22nd edition of the Havana Film Festival in New York, the United States, paid tribute to outstanding figures of Cuban cinema by screening films marked by their talent.