Group 1 - The South Korean National Assembly is accelerating the review of the "Yellow Envelope Bill," which aims to expand employer liability and restrict companies from filing claims against strike actions, raising concerns about its impact on labor relations and investment attractiveness [1][2] - The bill is led by the ruling Democratic Party and seeks to break the dual labor market structure between large and small enterprises, enhancing protections for outsourced workers [1] - The bill includes provisions to redefine "employer," grant collective bargaining rights to subcontracted workers, limit companies' ability to sue for damages during strikes, and hold management accountable for non-participation in negotiations [1] Group 2 - The Korean business community, including major industry groups such as automotive, shipbuilding, construction, semiconductor, and battery sectors, has expressed strong opposition, warning that the bill could disrupt normal business operations and lead to a chain reaction of strikes [1][2] - The American Chamber of Commerce in Korea has highlighted that the flexible labor system is a key advantage for attracting foreign investment, and the bill's rushed progression without adequate industry consultation could increase regulatory uncertainty [2] - The European Chamber of Commerce in Korea criticized the bill for its vague and dangerous expansion of employer definitions, which may lead foreign companies to view South Korean businesses as potential lawbreakers, potentially driving them to markets with clearer regulations [2] Group 3 - The bill is expected to be submitted for a vote in the National Assembly on August 4, and if passed, will take effect in February next year, with a six-month buffer period for gathering feedback and coordinating implementation details [2] - In response to the growing opposition, the South Korean government is introducing a series of investment incentive policies, including discussions on reforming laws related to corporate misconduct to restore private investment confidence [2][3] - President Lee Jae-myung is actively engaging with business leaders to address concerns about the misuse of power by prosecutors and to provide institutional guarantees for investment recovery [2]