FKTU President Kim Joo-young said that severe impact can be dealt to the global IT industry using semiconductors in the wake of the Korea-Japan trade dispute. He asked that the ILO, a tripartite body, make an effort with an interest in the issue to find out a solution as it arose from the forced lab
The government and the Economic, Social and Labor Council(ESLC) are striving to draw up a social consensus on the institutional improvement for the ratification of fundamental ILO conventions, an Act on the Prevention of Death from Overwork, and the extension of the employment safety net in a meetin
* The Federation of Korean Trade Unions(FKTU) claims that the unemployment aid should be set at the rate of 25% to 30% of the average wage to tackle the poverty of the working poor.As the income gap between the high income group and the low income group has recorded the widest ever in history, there
On February 18, the Economic, Social and Labor Council(ESLC) was to convene the first meeting of the 'working hour system improvement committee' to discuss the flexible working hour issue, but the meeting was delayed for a couple of hours.Some 30 union officials of the Korean Confederation o
* 75% of unionized workers of Kumho Tire vote down the tentative collective agreement, mainly due to the employee relocation deal which sparks workers' concerns and discontent on the 'potential corporate downsizing'.75 percent of union members of the Kumho Tire labor union turned down th
According to the labor circle and Rep. Han Jeoung-ae of the ruling Democratic Party, Pohang Iron and Steel Corporation(POSCO)'s Pohang steel mill is suspected of hiding a fatal industrial accident that an employee surnamed Kim(53 years old) was found dead at site on February 2. Kim Se-won, daugh
* The Korea Institute of Public Administration makes policy suggestions to revise the Foreign Workers' Employment Act, the Dispatched Workers' Protection Act, and the Employment Security Act. * The Ministry of Employment and Labor responds the suggestions are "impossible to invoke in realit
Yoon Jong-hae(left), chairman of the Gwangju regional council of the Federation of Korean Trade Unions(FKTU), Lee Yong-seop(center), mayor of the Gwangju metropolitan government, and Lee Won-hee(right), president and chief executive officer of Hyundai Motor Co. on January 31 pose for a group photo w
The Gwangju metropolitan government and Hyundai Motor finally reached a provisional investment agreement in relation to the establishment of a joint-venture finished car company in the city of Gwangju for the Gwangju model job creation. However, labor unions in Hyundai Motor and Kia Motors strongly
The Korean Finance and Service Workers’ Union(KFSU) has proposed to the companies that it is willing to freeze the wages of the regular workers when they convert the contingent workers into the regular workers.The KFSU unveiled “an era of the industrial union with organizing target of 100,000 member
The Korean Confederation of Trade Unions(KCTU) ended its annual congress without reaching a conclusion to participate in the Economic, Social and Labor Council(ESLC). KCTU held its annual congress on January 28 at the KBS Arena Hall in Gangseo District, western Seoul and discussed its pending partic
The Korean Confederation of Trade Unions(KCTU) is holding an annual national congress to decide its participation in the Economic, Social and Labor Council(ESLC) - a newly restructured social dialogue body, on January 28 at the KBS Arena Hall in Gangseo Disctrict, western Seoul, which is another eff
A tripartite forum of the automobile industry was launched on January 24 to discuss the measures to enhance the competitiveness of the local automobile industry and to address the job market changes due to the development of the future automobile industry. It can be a tripartite effort to overcome t
According to a business source on January 23, the announcement made by Pernod Ricard Korea(PRK), the French distiller’s local subsidiary in Korea, on January 22 that the company will sell out the sales right of ‘Imperial’, a leading whiskey brand in the Korean market, gave its employees a shock. A m
The European Commission, an executive institution of the European Union(EU), set the Korean government a deadline to “come up with the outcome of the ratification of the fundamental ILO conventions as late as April this year.” It is estimated that the Korean government would face difficulties in mee
The government of the Republic of Korea and the European Union(EU) started government-to-government consultations scheduled for 90 days to find a solution regarding the dispute in relation to the outstanding ratification by Korea of four fundamental conventions: No. 87 regarding the freedom of assoc
The Ministry of Trade, Industry and Energy(MOTIE) and the Ministry of Employment and Labor(MOEL) on January 18 jointly issued a press release simply composed of four sentences. The statement contained that a ‘special occupational safety investigation committee’ led by Prime Minister will be set up t
The small amount subrogated payment system, which the government provides a subrogated payment to the retired workers whose companies are still in operation or workers whose companies declared bankruptcy but their wages and allowances were unpaid by the employers, will be revised to extend the cover
In recent, the government and the ruling party meet with the business circle in a series of gatherings. The agenda is set to discuss the job creation and pending issues, but the labor circle is not pleasant to observe the move.Whenever the business circle meets with the government and the ruling par
13 electrical workers hired by a power distribution subcontractor to the Korea Electric Power Corporation(KEPCO) in the city of Daejeon were dismissed on January 10, citing the budget cut in the KEPCO’s power distribution operation. The dismissed skilled workers were replaced with the new recruits w