[Monthly Labor Law] Practical Issues of the Yellow Envelope Act in M&A Transactions
April 9, 2026
The Monthly Labor Law featured a report by attorneys Hyunseok Song and Yoonji Lee of Lee & Ko. In the report titled "Practical Issues of the Yellow Envelope Act in M&A Transactions," they stated, "As the amended Labor Union Act (the 'Yellow Envelope Act') has expanded the scope of labor disputes to include management decisions that affect workers' status and working conditions, concerns are growing regarding the potential impact of the Yellow Envelope Law on M&A transactions.” They explained, “Regarding the demand for collective bargaining by the labor unions of the parties involved in the transaction, issues arise such as whether the subject matter is eligible for bargaining, whether a demand for collective bargaining can be made during the validity period of the bargaining, and whether the status of the representative bargaining union is recognized. In relation to the collective bargaining demands of subcontractor labor unions, the question arises as to whether matters like employment succession fall within the scope of collective bargaining." They further emphasized, "In cases where labor unions demand collective bargaining during the M&A transaction process, employers need to take proactive measures, such as requesting the union to specify the agenda for bargaining and the basis for their demands."
2026.04.09
[Aju Business Daily] Increase of Legal Advisory for Companies Amid ‘Blockade’ of the Strait of Hormuz
April 9, 2026
A comment from attorney Hyuk Jung Kim was featured in the Aju Business Daily. “Defense products, which had gained popularity in Europe, are also expanding their presence in the Middle East, leading to an increase in corporate advisory.” Regarding Aju’s report, he noted, “While exports were previously concentrated in countries such as Poland and Norway, the proportion of exports to the Middle East has grown following the Iran conflict. In many cases, we now prepare the initial draft ourselves during the contract stage.”
2026.04.09
[Aju Business Daily] Lee & Ko’s ‘Middle East Task Force (TF)’ Provides Urgent Advisory on Defense and Energy Sectors
April 9, 2026
Aju Business Daily reported on Lee & Ko’s ‘Middle East Task Force (TF)’ along with comments from attorney Hyuk Jung Kim. Aju Business Daily stated, “As the conflict between the U.S., Israel, and Iran continues to escalate, the activities of Korean companies in the Middle East are becoming increasingly urgent.” The report mentioned, “To respond promptly to this situation, Lee & Ko has established the ‘Middle East Task Force (TF),’ composed of experts in defense, corporate advisory, overseas construction, project financing, insurance, maritime law, and other areas. Through close interdepartmental collaboration, the TF provides customized solutions tailored to clients’ needs.” The report also noted, “The most noticeable change following this situation has been in the defense industry.” Regarding this, attorney Hyuk Jung Kim emphasized, “There will be tangible security threats regardless of whether the war ends, and demand from countries such as Saudi Arabia, the UAE, and Qatar will continue to rise. As domestic companies have secured supply volumes for the next 10 to 15 years, long-term legal support is essential.”
2026.04.09
[Asia Business Daily] “Beyond Simple Responses to In-Depth Economic Analysis”… Lee & Ko Antitrust & Competition Group
On April 8, 2026, Asia Business Daily featured the Fair Trade Group of Lee & Ko.
According to the report, “Lee & Ko operates a 67-member Antitrust & Competition Group co-headed by attorneys Hwan JEONG (24th class of the Judicial Research and Training Institute) and Jeong-Ho SUN (37th class),” adding that “in 2015, Lee & Ko became the first domestic law firm to establish an economic consulting group, CECG, thereby providing in-house economic analysis services.”
The article further noted that “the firm also operates a litigation team led by Attorney Su Jin JUNG (32nd class), a former judge of the Antitrust & Competition Division of the Seoul High Court, as well as a fair trade criminal defense team spearheaded by Attorney Hoo Gon KIM (25th class), former Chief Prosecutor of the Seoul High Prosecutors’ Office,” and added that “Lee & Ko successfully secured a decision of no charges in the Apple–Samsung abuse of market dominance case.”
2026.04.08