The American Chamber of Commerce in Korea (AMCHAM) on Wednesday voiced “concern” over the Yellow Envelope Law’s potential impact on South Korea’s business environment and investment appeal, warning that the legislation could influence future U.S. corporate investment decisions. AMCHAM called for the development of policies that promote a “predictable, sustainable and balanced business environment.”

AMCHAM’s statement follows similar warnings issued on Monday by the European Chamber of Commerce in Korea (ECCK) and the Korea Enterprises Federation (KEF). ECCK arguedthat the bill’s expanded definition of “employer” would erode legal clarity and potentially expose foreign executives to criminal liability, increasing the