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South Korean unions use new labour rules to push envelope on bonus demands

Asia-Pacific 1 source 1 country 🔦 Under-reported 3m ago

Barely four months into its implementation, South Korea’s new labour-friendly law is coming under growing scrutiny as workers’ demands for bonuses tied to a fixed percentage of corporate profits spread across the country. If left unchecked, critics warn, the revised Trade Union and Labour Relations Adjustment Act – commonly known as the Yellow Envelope Act – could fuel labour disputes, create uncertainty for businesses and threaten an economy that is only beginning to recover.

Summary from source
Read the full story at the source South China Morning Post · HK
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