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  • Samsung Electronics faces April walkout as bonus dispute escalates Samsung Electronics faces April walkout as bonus dispute escalates SEOUL, April 15 (AJP) - Samsung Electronics is heading toward a partial walkout next week, with its largest labor union pushing ahead with industrial action over a profit-linked bonus system despite stalled negotiations. The union plans a rally and walkout on April 23, with a full-scale strike scheduled from May 21 if talks fail to produce a compromise. “We are open to negotiations if management pu
  • IAEA urges safeguard on Koreas nuclear submarine plan, verification on Iran IAEA urges safeguard on Korea's nuclear submarine plan, verification on Iran SEOUL, April 15 (AJP) - South Korea must enter into a special safeguards arrangement with the International Atomic Energy Agency (IAEA) if it proceeds with nuclear-powered submarines to ensure that nuclear material is not diverted from propulsion use, its director general said Wednesday.
  • Double tariff whammy hits Korean steel as EU barriers pile on top of U.S. tariffs Double tariff whammy hits Korean steel as EU barriers pile on top of U.S. tariffs SEOUL, April 15 (AJP) - When it rains, it pours for South Korean steelmakers as they face collateral damage from higher trade tariffs in Europe on top of U.S. duties aimed at curbing cheap Chinese imports. The European Parliament and the Council of the EU hammered out a deal on Monday (local time) after late-night negotiations, setting tariff-free quotas at 18.3 milli
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