The American Chamber of Commerce in Korea (Amcham) also said that if Korea passes the Yellow Envelope Act as the host of the Asia-Pacific Economic Cooperation (APEC) Summit in October, it will cause great concern to foreign companies.
"We are deeply concerned about the negative impact (of the Yellow Envelope Act) that could have on Korea's business environment and investment attractiveness," said Chairman James Kim of Amcham in a statement. When the Yellow Envelope Act was first proposed last year, Amcham expressed his opposition.
"The flexible working environment is a key factor in strengthening Korea's competitiveness as a business hub in the Asia-Pacific region," Chairman Kim said. "This year's APEC summit is a very important stage for Korea to show leadership, and at this point, we need to think about what signal the Yellow Envelope Act can give." "The Yellow Envelope Act was pushed forward without sufficient collection of opinions despite concerns from industrial sites," he added. "Procedural supplementation is needed."
Earlier on the 28th, the European Chamber of Commerce and Industry (ECCK) in Korea also urged a full review, saying, "(The Yellow Envelope Act) can make businessmen potential criminals and reduce management activities," adding, "It could pose a serious threat to the employment of current and future generations."
Jeong Byeong-mook (honnezo@edaily.co.kr )
I don't know who James Kim is.
However, which part of the current Yellow Envelope Act is so detrimental to business management
I don't exactly describe it, I don't participate in collecting opinions
He just criticizes and repeats his attitude of calling for a review when he comes to the legislative stage
I can't convince anyone with my current posture.
The key to the yellow envelope law is that the original office, which actually supervises the management
To improve the current situation of not taking any responsibility,
It is to break down the situation of suppressing union activities through excessive compensation for damages.
I don't know what's so damaging to the business environment.
It's important for people to hire tens of billions of service thugs, to ignore the small demands of unions
The problem is such an attitude that argues that obstructing it is damaging the business environment.
Express your opinions through rational arguments, listen to the other person's opinions,
It's democracy that coordinates with each other,
It is not democracy that claims and prevents unconditionally.
This self-proclaimed management attitude is just an opposition to anyone's opposition.