strike Archives | Be Korea-savvy
Unionized Workers of Hyundai Heavy Go on Strike for 3rd Day

Unionized Workers of Hyundai Heavy Go on Strike for 3rd Day

SEOUL, Feb. 27 (Korea Bizwire) – Unionized workers at South Korean shipbuilder Hyundai Heavy Industries Co. staged a strike for the third consecutive workday Monday, opposing the firm’s decision to split the ailing company.  The labor union said it has called on its 14,000 workers to stage an eight-hour sit-down starting at 8:00 a.m., continuing [...]

Unionized Workers of Hyundai Heavy Stage First All-Out Strike in 23 Years

Unionized Workers of Hyundai Heavy Stage First All-Out Strike in 23 Years

SEOUL, Feb. 23 (Korea Bizwire) – Labor union leaders at South Korean shipbuilder Hyundai Heavy Industries Co. declared an all-out strike Thursday over failed wage negotiations and a proposed split of the firm’s non-shipbuilding business.  What union and company officials called the first full-fledged walkout in 23 years came after labor union leaders told all [...]

Korean Air Cancels over 130 Flights Due to Pilot Walkout

Korean Air Cancels over 130 Flights Due to Pilot Walkout

SEOUL, Dec. 21 (Korea Bizwire) – More than 130 scheduled flights with South Korea’s largest flag carrier Korean Air Lines Co. will be cancelled due to a walkout by unionized pilots, the transportation ministry said Wednesday.  Unionized workers of Korean Air earlier said they will stage a 10-day walkout from Thursday. The scheduled strike follows [...]

Railroad Employees Return to Work After 74-Day Walkout

Railroad Employees Return to Work After 74-Day Walkout

DAEJEON, Dec. 9 (Korea Bizwire) – South Korea’s unionized railway workers will end their 74-day-long strike and return to work Friday, while vowing to continue their protest against the implementation of a performance-based pay system.  The Korean Railway Workers’ Union said it will end the walkout as of 2 p.m., concluding its longest-ever railway strike [...]

Hyundai Motor’s Market Cap Tumbles on Strike, Strong Won

Hyundai Motor’s Market Cap Tumbles on Strike, Strong Won

SEOUL, Oct. 10 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, has recently seen its market value fall two notches to the No. 5 spot amid concerns over poor third-quarter earnings in the wake of a strike and a strong local currency.  The market capitalization of Hyundai Motor, the flagship of the country’s [...]