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Unionized Bus Drivers Vote to Strike Nationwide over Wages

Unionized Bus Drivers Vote to Strike Nationwide over Wages

SEOUL, May 9 (Korea Bizwire) — Nationwide public transportation chaos is looming, as unionized bus drivers across the country have been voting overwhelmingly to strike to demand pay hikes and manpower increases in time for the implementation of a mandatory 52-hour workweek in the bus industry this summer. Some 35,000 drivers from 10 cities and [...]

Banks’ Decision on Merit Pay System Faces Strong Resistance

Banks’ Decision on Merit Pay System Faces Strong Resistance

SEOUL, Dec. 13 (Korea Bizwire) – The board of directors at seven major commercial banks decided Monday to implement a performance-based pay system – a controversial wage system introduced under the troubled Park Geun-hye administration.  The seven institutions are Woori Bank, Shinhan Bank, KB KookminBank, KEB Hana Bank, SC Cheil Bank, and Citibank.  Officials have [...]

McDonald’s Part-Timers Form Labor Union

McDonald’s Part-Timers Form Labor Union

SEOUL, Nov. 11 (Korea Bizwire) – “We’ll make a McJob a GoodJob,” read the slogan held by a picketer wearing a McDonald’s paper bag.  Taking place Wednesday in front of the McDonald’s headquarters building in Seoul was the inauguration ceremony of a new McDonald’s labor union of current and former part-timers.  The union has existed [...]

Supreme Court Says GM Korea Should Include Performance-Based Wage as Ordinary Pay

Supreme Court Says GM Korea Should Include Performance-Based Wage as Ordinary Pay

SEOUL, Nov. 26 (Korea Bizwire) – The nation’s top court ruled Thursday that GM Korea Co. should count performance-based monthly wages paid to its employees as part of their ordinary salaries. A total of 1,025 of its workers filed a lawsuit demanding the management include performance-based pay and vacation stipends as part of ordinary pay [...]