Australia Asia Worker Links

Members of the Korea Financial Industry Union (KFIU) have voted to strike at the end of this month to oppose the government’s proposal to privatise state-run banks.

About 80,000 workers of the country’s 35 financial institutions are expected to go on strike on July 30, joining auto workers who are holding partial strikes this week for wage increases and better working conditions.

It would mark the first strike by the banking sector in 12 years and is part of the lead up to a proposed General Strike to be called for later this year.