SEOUL, May 29 (Korea Bizwire) — A fired worker of Samsung Group ended his nearly one-year protest atop a 25-meter tower in southern Seoul on Friday, after South Korea’s largest conglomerate apologized and promised to resolve what he claims to be his unlawful dismissal. Kim Yong-hee, a former employee of the now-defunct Samsung Techwin Co., [...]
SEOUL, Oct. 20 (Korea Bizwire) — Hyundai Steel Co., South Korea’s No. 2 steelmaker, is facing a double whammy of a slump in its earnings and a labor dispute, sending its stock price to a multiple-month low, industry observers said Sunday. Hyundai Steel closed 0.28 percent lower at 36,200 won (US$30) on the Seoul bourse [...]
SEOUL, Apr. 29 (Korea Bizwire) — Renault S.A. on Monday temporarily halted operations at its only plant in South Korea amid a drawn-out dispute with its labor union over wages and working hours. Renault Samsung Motors Corp., the Korean unit of the French carmaker, plans to suspend the operation of the Busan plant, 450 kilometers [...]
SEOUL, Apr. 16 (Korea Bizwire) — GM Korea Co. and Renault Samsung Motors Corp., the South Korean units of U.S. and French auto giants, respectively, are mired in a dispute that is fueling concerns over the broader South Korean auto industry this year. In recent years, the two carmakers, affiliates of General Motors Co. and [...]
SEOUL, May 14 (Korea Bizwire) — Kia Motors, the second largest auto maker in Korea, plans to directly hire 465 dispatched workers on its assembly lines by 2016. After a special negotiation between Kia, in-house partner companies and the Kia trade union on May 12, Kia Motors announced that it will directly employ 200 workers [...]