SEOUL, June 15 (Korea Bizwire) — The liability of each striker should be counted individually in a damages suit over a labor strike, the Supreme Court ruled Thursday, a landmark decision expected to set the tone for similar labor dispute cases in the future. The ruling came in a damages suit filed by Hyundai Motor [...]
SEOUL, Jan. 23 (Korea Bizwire) — KB Kookmin Bank, a major lender in South Korea, said Wednesday that it has reached a tentative agreement with labor union workers on their wage system and other labor issues. The bank said the management and the union decided to accept an arbitration proposal prepared by the National Labor [...]
SEOUL, Oct. 17 (Korea Bizwire) — Unionized workers at Hyundai Heavy Industries Co. staged a partial strike Wednesday to protest a possible pay cut ahead a crucial decision by a labor relations commission, company and union officials said. The unionized workers downed their tools at a shipyard in the industrial city of Ulsan, about 410 [...]
SEOUL, Aug. 22 (Korea Bizwire) — South Korean carmakers on Tuesday cited high costs and low productivity as major sources of concern as they compete in an ever competitive market. In a seminar held in Seoul to discuss outstanding issues facing local carmakers, executives from Hyundai Motor Co. and Kia Motors Corp. expressed worries about [...]