Company
South Korean employers' association representing large companies; lobbies on labor and employment law and publishes wage surveys and policy papers.
Korea Enterprises Federation survey finds 40.3% of 62 firms say labor commission rulings do not follow the Yellow Envelope law or the ministry's guidelines. The same federation is asking for amended law, and the sample is small.
Reality
South Korea's National Assembly voted to let the labor minister fine firms with three or more worker deaths in a year up to 5% of operating profit. How much a company pays will be set case by case under subordinate regulations the labor ministry says it will now revise.
Reality
The Korea Enterprises Federation credits electronics and telecommunications, 2.4% of the country's regular workers, with 32.4% of the first-half increase in monthly pay, and without the sector the average rose 2.2% instead of 3.1%.
Reality
Seoul says building a plant is management's business while the reassignment of the engineers who would run it can be bargained over, which turns a construction schedule into a date a union can renegotiate.
Reality
Samsung and SK hynix are due to break ground in July next year and finish in 2029, and the engineers who stabilise early yields would have to move out of greater Seoul, which is exactly the reassignment the revised law now puts in play.
Reality