Foreign chamber leaders raised concerns and called for continued clarity and communication as a revised labor law takes effect next month. The industry and labor ministries met Thursday with leaders of seven major foreign chambers of commerce to hear concerns and clarify policy direction for foreign businesses and investors ahead of the March 10 implementation of the revised Trade Union and Labor Relations Adjustment Act, known as the “yellow envelope law.” Held in Seoul, the meeting brought together Industry Minister Kim Jung-kwan and Labor Minister Kim Young-hoon with heads of the American, European, German, French, British, Japanese and Chinese chambers. The newly revised act extends the legal scope of employer responsibility and labor disputes, while curbing corporate capacity to file large-scale damage claims against workers participating in strikes. The act has been drawing mixed responses since it passed last September, with businesses raising concerns that differing interpretations of the law could trigger various issues, such as more bargaining demands between contractors an