Korea Joongang Daily
Korea JoongAng Daily

KT offers 6,000 employees buyouts in hard pivot to AI

KT will offer buyouts to up to 6,000 employees as part of a restructuring plan, establishing two new subsidiaries focused on AI and telecommunications.

2024-10-17

Samsung Electronics to lay off 10 percent of Asia-Pacific employees

Samsung Electronics is laying off employees in the Asia-Pacific region as the Korean tech giant struggles to cut costs amid fierce competition in AI and chips.

2024-10-02

Talks between Samsung and striking workers end without agreement

Samsung Electronics and its largest labor union resumed wage talks Tuesday but failed to reach an agreement.

2024-07-23

Hyundai Motor's starting pay as high as 90 million won in record deal with union

Hyundai Motor and its labor union agreed on a 4.65 percent wage increase as maximum starting compensation reaches 90 million won.

2024-07-16

Kia's Gwangju factory struck by metal workers' strike

Factory No. 2 at Kia's AutoLand Gwangju factory was far from full as the city's branch of a metal workers' union staged a strike.

2024-07-10

'No Work, No Pay': Samsung union declares full-scale strike

Samsung Electronics' largest labor union, the National Samsung Electronics Union (NSEU), will stage a full-scale strike over demands for better pay after failing to reach an agreement with management.

2024-07-01

Concrete workers begin indefinite strike

A labor union for the ready-mixed concrete industry, which is under the Federation of Korean Trade Unions, began an indefinite strike over pay for transportation on Monday.

2024-07-01

Workers of CU operator BGF Retail form union over bonus cuts

Workers at BGF Retail, the operator of convenience store chain CU, formed a union amid dissatisfaction over a cut to bonuses despite record earnings last year.

2024-06-14

Samsung Electronics union to resume wage negotiations

The labor union of Samsung Electronics has decided to resume negotiations on wages and other benefits after threatening to strike last month.

2024-06-11

A luxurious strike at Samsung Electronics

Both the company and its workers must find a way to co-prosperity through dialogue, not confrontation.

2024-05-30