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After record earnings, large-scale walkout looms at Chanel Korea

After record earnings, large-scale walkout looms at Chanel Korea Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.

After record earnings, large-scale walkout looms at Chanel Korea

After recording its best earnings last year, Chanel Korea is under mounting pressure to share more profits with employees in a fairer way, with its unionized workers threatening to go on a full-scale walkout ahead of its peak holiday season later this month. According to the Chanel Korea Union, affiliated with the Korean Federation of Service Workers’ Union, its members working at department stores and duty-fre.

KAMCO to select two managers for fund mandate | Asia Asset Management

KAMCO says the fund will focus on non-performing loans under Korea Federation Community Credit Cooperatives.

Education minister withdraws discipline warning over strike

Education Minister Lee Ju-ho said Tuesday that teachers who participated in a rally on Monday wouldn’t be punished, officially withdrawing his warning that such collective action “constitutes an illegal strike.” During his meeting with the Korean Federation of Teachers’ Associations and the Korean Federation of Teachers Unions, the minister announced that there wouldn’t be any disciplina.

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