Daeryun Law Firm holds ‘Commercial Act Revision and Yellow Envelope Act Response Strategy Seminar’

Daeryun Law Firm announced on the 21st that it will hold the ‘2025 Commercial Act Revision and Yellow Envelope Act Response Strategy Seminar’ at its Seoul headquarters branch office on September 3rd.

This seminar was prepared to preemptively prepare for the labor-management relations and corporate governance environment that will change depending on changes in laws and regulations. On the 3rd of last month, a bill to amend the Commercial Act, which aims to expand directors' duty of loyalty and improve corporate governance, was passed by the National Assembly. This amendment also includes strengthening the independent director system, introducing an electronic general shareholders' meeting, and strengthening the 3% rule, so companies are busy responding to this.

In addition, Articles 2 and 3 of the Labor Union Act, the so-called “Yellow Envelope Act,” which contains provisions such as limiting companies’ compensation claims and expanding collective bargaining matters, are also scheduled to be processed at the plenary session of the extraordinary National Assembly this month. It is expected to bring about significant changes in labor-management relations along with the corporate management environment, so it is necessary to prepare a response strategy after the law goes into effect.

At the seminar, attorney Ho Gyu-chan (Judicial Research and Training Institute 36th class) and Bang In-tae (41st class) from Daeryun Corporate Legal Group will appear as presenters. Attorney Bang, a labor lawyer registered with the Korean Bar Association and well-versed in legal advice in the human resources and labor areas of companies, will give a presentation on the main contents and prospects of the Yellow Envelope Act.

Attorney Ho explains the key issues and implications of the Commercial Act amendment. While working in the Commercial Law Department of the Ministry of Justice, Attorney Ho participated in the revision of the corporate section of the Commercial Act, and later served as an advisor on corporate governance and financial law to law firms and financial institutions. After the presentation, the two lawyers plan to conduct a Q&A and discuss practical responses to major issues.

The seminar will be held simultaneously online and offline, and anyone can apply for free. Applications for participation can be made on the Daeryun official website.

Kim Kook-il, CEO of Daeryun Management, said, "The Yellow Envelope Act and the amendment to the Commercial Act are important issues that can simultaneously bring new risks and opportunities to companies' labor-management relations strategies, governance structures, and overall operating methods. We hope that this seminar will help companies review their response strategies and establish practical directions."

Meanwhile, Daeryun provides corporate-tailored legal services, such as labor re-transfer, collective bargaining, and board of directors consulting, centered on the corporate legal group, and recently formed a task force to respond to the amendment to the Commercial Act to support the preparation of strategic countermeasures.

Busan reporter Jeong Cheol-wook

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