Labor Unions Try to Stop Blue House Appointment of IBK Chief

GIKorea | January 27, 2020 | Korea-Business | 3 Comments

Here is an inner left wing fight over who should be able to appoint the chief of the Industrial Bank of Korea, the Blue House or the labor unions:

IBK unionists block CEO Yoon Jong-won from entering its headquarters located in central Seoul on Jan. 7. (Yonhap)

Protests outside the state-run Industrial Bank of Korea are expected to intensify, with the union’s fight against the top-down appointment of CEO Yoon Jong-won gaining support from powerful national labor associations in recent weeks.
The Federation of Korean Trade Unions, one of the two largest umbrella labor organizations here, announced Wednesday that it was joining the IBK unionists in protesting what they see as excessive government meddling in the organization’s personnel affairs.
The new leader of the FKTU, Kim Dong-myung, visited the IBK headquarters in central Seoul to announce the organization’s participation and vowed to continue until the workers’ demands were met. The FKTU had around 930,000 members as of the end of 2018, according to data published by the Ministry of Employment and Labor in December.
The Korean Confederation of Trade Unions, which has a membership of more than 960,000, announced it was joining the fight earlier this month.
Korea Herald

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