이전
[Monthly Labor Law] Practical Issues of the Yellow Envelope Act in M&A Transactions
다음
- Type
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媒体中心
- Published on
- 2026.04.09
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."