Finance
IBK Industrial Bank of Korea union blocks new CEO Jang from first day at work
New IBK Industrial Bank of Korea CEO Jang Min-young failed to report to work on his first day after the union blocked his entry to the headquarters in central Seoul. The union opposes his appointment and is pressing for solutions to disputes over the bank’s total payroll cap system, arguing overtime pay has effectively become unpaid wages. It has approved a possible general strike and cites President Lee Jae-myung’s call for concrete measures.
