Finance
Finance union opposes relocation of KDB, IBK, Korea Eximbank and NongHyup; 30,000 in strike
The National Union of Financial Industry Workers launched a general strike opposing plans to relocate Korea Development Bank, Industrial Bank of Korea, Korea Eximbank and NongHyup and other financial institutions outside Seoul. The union said the financial industry depends on concentration of specialised workers and cooperation among institutions, and warned uniform relocation could hurt competitiveness. It held a rally in central Seoul with about 30,000 participants, and said it may escalate action if talks make no progress.
