Hundreds of union officials and members of the Korean Financial Industry Union(KFIU) participated in a resolution rally on August 24 in Seoul before they go on a general strike to head off the performance-based wage system and to keep the state intervention in the financial industry at bay.

KFIU held the central committee meeting on August 23 and decided to organize a general strike on September 23 to fight against the performance-based wage system which shall be endorsed by the extraordinary congress scheduled on September 1 as the last procedure before going on an industry-wide strike. 95.7% of KFIU members supported the industrial action which was voted last month.

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