Hyundai Steel, Subsidiary Unions Reach Labor Deal

According to The Korea Herald, Hyundai Steel and unions representing workers at four subsidiaries reached a labor agreement, the first such deal between a parent company and subcontracted workers since South Korea’s revised labor union law took effect six months ago. The Ministry of Employment and Labor said Thursday that Hyundai Steel and its subsidiaries Hyundai ITC, Hyundai IEC, Hyundai IMC and Hyundai ISC signed a collective bargaining agreement at the steelmaker’s D