A greater number of Korean companies will be required to provide regulatory filings in English starting next year, offering enhanced transparency and wider market access to foreign investors, while the recently legislated "yellow envelope" pro-labor law will take effect, expanding labor-related liabilities of companies, officials noted Wednesday. According to the Financial Services Commission, the scope of firms subject to mandatory English regulatory disclosures will be widened from companies listed on the Korea Composite Stock Price Index (KOSPI) with assets of 10 trillion won ($6.94 billion) or more to those with assets of a minimum of 2 trillion won. The new disclosure requirement will take effect May 1. The move is aimed at improving transparency and accessibility for overseas investors amid efforts to enhance the competitiveness of the local capital market, according to officials. Another major change is the enactment of the yellow envelope law, scheduled to take effect in March. The revision to the Labor Union Act is primarily designed to guarantee the bargaining rights of indirect