Introduction of Labor Director System in Public Institutions Passes Judiciary Committee

[Asia Economy Reporter Park Hyungsoo] A bill requiring public institutions to appoint one non-executive director recommended or agreed upon by worker representatives has passed the National Assembly's Legislation and Judiciary Committee.

On the 10th, the Legislation and Judiciary Committee approved the amendment to the Act on the Management of Public Institutions at a plenary meeting.

Public institutions such as public enterprises and quasi-governmental agencies must appoint one non-executive director to the board who has been recommended or agreed upon by worker representatives to enhance management transparency. The qualifications for a labor director include being an employee with more than three years of service, with a term of two years, renewable annually. The enforcement date is six months after the date of promulgation.

Democratic Party presidential candidate Lee Jae-myung requested the regular National Assembly session to pass the public institution labor director system in December last year. People Power Party candidate Yoon Seok-youl also supported it, accelerating the discussion.

When the processing was delayed in the relevant standing committee, the Economic and Fiscal Subcommittee of the Strategy and Finance Committee, due to opposition from People Power Party members, Democratic Party lawmakers formed an agenda adjustment committee and referred the bill.

On the 5th, the bill was passed at the full meeting of the Strategy and Finance Committee while People Power Party members had left. The bill, which centers on introducing the public institution labor director system, is expected to be submitted to the plenary session of the National Assembly on the 11th.

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