①This Act comes into effect on the date of promulgation; provided, however, that the provisions of Article 2 and the provisions of the following paragraph and paragraph (3) of the Supplementary Provisions come into effect on the date specified by Cabinet Order within a period not exceeding one year from the date of promulgation.

②The provisions of Article 18 of the Labor Contracts Act as amended by the provisions of Article 2 (hereinafter referred to as the "New Labor Contracts Act") apply to a labor contract with a fixed term whose contract period begins on a day on or after the date on which the provisions prescribed in the proviso to the preceding paragraph come into effect, and the contract period of a labor contract with a fixed term whose first day is a day before the date on which the provisions prescribed in the proviso to that paragraph come into effect is not included in the total contract period prescribed in paragraph (1) of that Article.

③If eight years have passed since the provisions prescribed in the proviso to paragraph (1) of the Supplementary Provisions came into effect, the Government is to review the provisions of Article 18 of the New Labor Contracts Act while taking into consideration the status of their enforcement, and, when it finds it necessary, is to take necessary measures based on the results.