SEOUL, Jun. 7 (Korea Bizwire) – On the 31st anniversary of Samsung’s famous “New Management” declaration by its late chairman, Lee Kun-hee, a sense of crisis is gripping the tech giant as it grapples with declining profits and an unprecedented labor dispute. Since Lee’s groundbreaking speech in Frankfurt in 1993, where he warned that Samsung risked [...]
SEOUL, Jun. 7 (Korea Bizwire) — Unionized workers of Samsung Electronics Co. were set to launch a one-day walkout over wages on Friday, a union official said, in what would be the first walkout at the technology giant. About 28,000 members of the National Samsung Electronics Union (NSEU) were set to collectively take the day [...]
SEOUL, May 29 (Korea Bizwire) — Unionized workers of Samsung Electronics Co. said Wednesday they plan to go on a strike amid stalled wage negotiations. The management of the South Korean tech giant and the company’s union have held rounds of talks and negotiations since January but failed to narrow their differences. If realized, it [...]
SEOUL, May 13 (Korea Bizwire) — The labor union of Naver Corp. on Monday voiced opposition to a possible sale of stake in the operator of the popular Line messenger app, saying protecting employees and technology concerning the app should be top priority for Naver. Naver has been under pressure from the Japanese government to [...]
SEOUL, March 4 (Korea Bizwire) – The CEO of bakery and beverage giant SPC Group was arrested Monday on charges of forcing bakers at an affiliated firm to quit their labor union and bribing a prosecution investigator. The Seoul Central District Court issued an arrest warrant for Hwang Jae-bok, citing concerns he could destroy evidence. [...]
SEOUL, Feb. 1 (Korea Bizwire) – A unified labor union encompassing four Samsung affiliates is poised for its official launch, signaling a significant development in the conglomerate’s labor relations. The integrated union held its first general assembly on January 31, marking an internal launch with the revision of regulations. The participating unions include employees from Samsung [...]
SEOUL, Jan. 23 (Korea Bizwire) – The number of labor union members in South Korea and the unionization rate, or the percentage of workers represented by a union, have both taken a downward turn, the labor ministry said Tuesday. According to the ministry’s latest data, the number of organized workers shrank by 210,000 to 2.72 [...]
SEOUL, Dec. 13 (Korea Bizwire) — Prosecutors questioned the CEO of bakery and beverage giant SPC Group on Wednesday as part of an investigation into allegations that an affiliated firm forced bakers to quit their labor union. SPC CEO Hwang Jae-bok appeared at the Seoul Central District Prosecutors Office as a suspect over allegations that [...]
SEOUL, Sept. 20 (Korea Bizwire) – Hyundai Motor Company and its labor union have decided to hire more younger workers for a new electric vehicle factory in Ulsan. Employees in their 20s and 30s will make up 30 percent of the workforce. The new Ulsan EV plant, set to be completed in 2025, will have 30 [...]
SEOUL, Aug. 11 (Korea BIzwire) — The recent collapse at a construction site in Anseong, Gyeonggi Province, resulting in the deaths of two construction workers and the serious injury of four others, is attributed to the utilization of the deck plate method and hasty construction, an umbrella labor union claimed Thursday. “In the same Anseong [...]