President Yoon and Labor: Two-Year Recap and the Road Ahead
2024.04.09.
The President entered the office with ambitious labor reform agendas centered around his core ideals of “free market” and “rule of law.” Unfortunately for the President, as the saying goes, “no plan survives contact with the enemy.” With the ruling party only holding a minority at the Assembly, many of the President’s labor reform plans lacked legislative support and found only limited success in modifying existing policies.
For better or worse, all that may change soon. The voters will soon decide the composition of the next Assembly and, with it, the fate of President Yoon’s unrealized labor reform dreams. Businesses in Korea should accordingly review the President’s remaining labor policy agendas and brace for the foreseeable labor policy consequences of this election.
Click the file name below to view the content.
Expertise
Professionals
.jpeg)
