Financial union to go on strike Fri. as planned over relocation plan
SEOUL, Sept. 3 (Yonhap) -- Unionized workers affiliated with the country's umbre...
Workers belonging to the Korea Financial Industry Union (KFIU), a major labor group, are scheduled to go on strike on Friday to protest the government's intention to relocate policy lenders and other public financial organizations from Seoul to provincial regions. The KFIU announced its members would organize a demonstration in Gwanghwamun Square, as the government presses forward with its relocation strategy.
While specifics regarding the timeline and the list of institutions affected remain unclear, public financial institutions are opposed to the plan due to the government's resolute determination to move ministries and agencies. The KFIU also requests a pay increase, a reduced workweek, and a greater number of young hires. "We cannot accept relocation plans without thorough discussions with the relevant parties," stated the labor umbrella group, emphasizing that such moves would adversely impact workers' lives and weaken the financial industry as a whole.
The union urged the government to halt its relocation process, arguing that it is a political maneuver rather than a practical solution.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
