With weak opposition and DP dominance, businesses face lasting compliance, litigation and competitiveness risks

The Yellow Envelope Act, passed by South Korea’s National Assembly on Aug. 24, establishes a labor regulation framework that businesses must treat as a permanent cost fixture of operating in the country.

Its enactment under a dominant Democratic Party (DP) administration, alongside the increasing irrelevance of the main opposition People Power Party (PPP), introduces enduring legal, operational and political pressures that firms must now incorporate into long-term planning.

The Yellow Envelope Act, passed by South Korea’s National Assembly on Aug. 24, establishes a labor regulation framework that businesses must treat as a permanent cost fixture of operating in the country.

Its enactment under a dominant Democratic Party (DP) administration, alongside the increasing irrelevance of the main opposition People Power Party (PPP), introduces enduring legal, operational and political pressures that firms must now incorporate into long-term planning.

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