Yulchon LLC, AustCham Korea Corporate Member, has published an insight report on President Lee’s administration.
On June 4, 2025, President Lee Jae-myung assumed office without a transition period, following an early presidential election. Backed by a ruling party with a legislative majority and few institutional constraints, the new administration is positioned to advance its agenda swiftly and decisively.
The Lee administration’s core vision—“Recovery, Growth, and Happiness”—is expected to translate into immediate policy action, including a supplementary budget aimed at boosting household consumption and renewed focus on external trade strategy.
Crucially, the current political alignment increases the likelihood of reviving key legislative proposals that had previously stalled. These include: amendments to the Korean Commercial Act extending directors’ duty of loyalty to shareholders; and revisions to Article 2 of the Trade Union and Labor Relations Adjustment Act, broadening the definition of “employer.” Both proposals are poised to have a direct and lasting impact on corporate governance, labor relations, and investment dynamics in Korea.
Against this backdrop, this newsletter highlights policy initiatives with implications for the business and legal environment. We also provide strategic insight into their legislative trajectory and potential consequences for companies and investors navigating the Korean market.
To read more, please visit: https://www.yulchon.com/en/resources/publications/newsletter-view/40529/page.do
