SEOUL, Feb. 20 (Korea Bizwire) — A labor union will be established at Samsung Display Co., the third Samsung Group affiliate with a labor union following Samsung Electronics Co. and Samsung Fire & Marine Insurance Co. Samsung Display’s new labor union, under the auspices of the Federation of Korean Trade Unions (FKTU), announced its establishment [...]
SEOUL, Feb. 3 (Korea Bizwire) — After key company executives were found guilty of union busting, pressure on Samsung Group to amend its “no-union” policy is growing. In the midst of the controversy, employees of Samsung Fire & Marine Insurance Co., a Samsung Group’s insurance affiliate, will also form a labor union for the first [...]
SEOUL, Jan. 10 (Korea Bizwire) — Renault Samsung Motors Corp. said Friday it has decided to partially shut down its sole plant in South Korea to reduce production losses resulting from strikes staged by its unionized workers. In the past 12 days, the union held partial strikes at the plant in Busan, 453 kilometers south [...]
SEOUL, Dec. 25 (Korea Bizwire) — The Korean Confederation of Trade Unions (KCTU), the more militant of the nation’s two largest umbrella labor organizations, has become the biggest labor group in terms of membership for the first time, government data showed Wednesday. According to the data published by the Ministry of Employment and Labor, the [...]
SEOUL, Dec. 19 (Korea Bizwire) — South Korea’s top conglomerate Samsung Group, known to stick with ‘no-union’ policy, has hinted at changing its unfriendly stance towards labor unions after key company executives were found guilty of union busting, industry observers said Thursday. A day after Samsung Electronics Co. board chairman Lee Sang-hoon was sentenced to [...]
SEOUL, Dec. 17 (Korea Bizwire) — A Seoul court handed down jail terms to key Samsung executives on Tuesday and detained them for sabotaging labor union activities at the top conglomerate’s customer service unit. The Seoul Central District Court sentenced Lee Sang-hoon, Samsung Electronics Co.’s chairman of board, to 18 months in prison for breaching [...]
SEOUL, Dec. 11 (Korea Bizwire) — Unionized workers at Renault Samsung Motors Corp. on Tuesday voted to strike in protest against the company’s wage freeze proposal for the year. In a vote held at its sole Busan plant, 66 percent of the 2,000-member union agreed on industrial action for an increase in basic pay and [...]
SEOUL, Nov. 16 (Korea Bizwire) – Samsung Electronics Co.’s first labor union under a major South Korean umbrella union group set sail Saturday. The union, under the Federation of Korean Trade Unions (FKTU), submitted a labor union establishment application to the government Monday and earned the approval two days later. The union did not unveil [...]
SEOUL, Oct. 11 (Korea Bizwire) — GM Korea Co.’s labor union and management have failed to reach an agreement on a new wage deal. Members of the GM Korea labor union announced that they decided to notify management to abort all negotiations on Thursday. The negotiations over a new collective agreement, which have continued since [...]
SEOUL, Oct. 6 (Korea Bizwire) — Hyundai Heavy Industries Co., South Korea’s top shipbuilder, is likely to have a lengthy standoff with its labor union over this year’s wage deal, industry watchers said Sunday, adding a burden to its already struggling business. Hyundai Heavy has held 16 rounds of wage negotiations with the union since [...]