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POSCO Union Rejects Flexible Hours Agreement, Blocking Operations

The POSCO labor union has put the brakes on the management’s personnel operations by rejecting the agreement on the flexible working hours system with the company.

  • POSCO union rejects flexible hours agreement, blocking operations.
  • Union claims company violates labor laws, requires overtime beyond legal limit.
  • Union plans legal action and strike before October 18 mediation.

KAI Union Warns Against Hanwha Stake Increase

The labor union of Korea Aerospace Industries (KAI) is drawing attention for opposing Hanwha Group’s stake increase and urging the Fair Trade Commission to disallow the business combination.

  • KAI union opposes Hanwha's 15.89% stake increase, citing potential conflicts of interest.
  • Hanwha has been purchasing KAI shares since November, securing the stake as of August 10.
  • Union acknowledges government manages defense procurement, limiting Hanwha's unilateral control.

YMTC Rises to Third in Global NAND Shipments

A major upheaval is taking place in the global NAND flash market driven by China’s rapid advance. China’s Yangtze Memory Technologies Corp (YMTC) has risen to third place in terms of NAND flash…

  • YMTC becomes third-largest NAND supplier globally
  • Samsung Electronics and SK Hynix lead with 25% and 22% market share
  • Enterprise SSDs drive market, accounting for 48% of total NAND shipments