Tracking the dispute over potential regional relocation of South Korea's major state-run banks and the finance union's general strike, alongside labor demands including a 4.5-day workweek, youth hiring, wages and retirement conditions.
3 events · 5 sources · Updated 37 days ago
The finance union called for a halt to potential relocation of Korea Development Bank, Industrial Bank of Korea and the Export-Import Bank of Korea, arguing that such moves could weaken policy-finance expertise and competitiveness.
The union confirmed it would proceed with a September 4 general strike after negotiations failed to resolve disputes over state-run bank relocations and working conditions. Its demands included a 4.5-day workweek, expanded youth hiring, prior consultation over headquarters relocation and higher wages.
YTN report on the September 4 finance union strike and its demands for a 4.5-day workweek, wage increases and opposition to relocating state-run banks
The finance union held its first general-strike rally in Gwanghwamun, Seoul, demanding a halt to state-run bank relocations, a 4.5-day workweek, expanded youth hiring and real-wage improvements. Attendance was reported at around 14,000 to 15,000 by unofficial police estimates and about 30,000 by organizers.