Presidential Office: 'Yellow Envelope Law' to settle in 1-2 years, guidelines sufficient

A senior official from the presidential office indicated that the "Yellow Envelope Law," which revises the Trade Union and Labor Relations Act, is expected to become established within one to two years of its implementation. Kim Yong-beom, the presidential policy chief, suggested that the law's effectiveness and areas for improvement will become clearer over time.

"As it settles after one to two years of implementation, its good points and areas for improvement will emerge," Kim said on Wednesday. "We can then evaluate and revise it accordingly." He added that such adjustments are a natural part of the legislative process.

Kim's remarks came after President Lee Jae-myung instructed the presidential office to refine interpretation guidelines for the law. The president's directive was reportedly prompted by concerns regarding the scope of dispute adjustments within the legislation, though Kim did not explicitly link the directive to the "Yellow Envelope Law" itself.

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As it settles after one to two years of implementation, its good points and areas for improvement will emerge. We can then evaluate and revise it accordingly.