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Korea Southern Power Repatriates $100 Million

The first case has emerged of a public power corporation repatriating large-scale profits earned from investments in United States power generation assets back to South Korea.

  • Korea Southern Power repatriates $100 million in profits.
  • Profits from $1.085 billion combined cycle gas plant in Michigan.
  • Funds used to repay borrowings and fund domestic renewables.

Korean Financial Workers Launch General Strike

The Korean Financial Industry Union held a large-scale rally around Sejong-daero in Gwanghwamun, Seoul, on Sep. 4 and launched a general strike.

  • Korean Financial Industry Union launched a general strike on September 4.
  • Union members voted 96.05% in favor of the strike on August 12.
  • Union leader Yoon Seok-koo argued for reduced working hours and job sharing.

More from Friday 4 September →