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Articles are listed with the most recent ones posted here first. Articles originating in the Korean labour movement or alternative media appear in bold face. Suggestions for additional news -- please click here.

December 1997

  • National Assembly to Legalize Layoffs at Financial Institutions in Extraordinary Session in February Korea Times 31.12.97

  • Kim Dae-jung Reaffirms Layoffs in Financial Sector Korea Herald 30.12.97

      But workers angrily reacted to the move to allow redundancies, accusing President-elect Kim of going back on his campaign promises. "We, workers, are deeply disappointed and feel betrayed by President-elect Kim Dae-Jung," said a member of a financial workers' union who staged a demonstration at the headquarters of Kim's party, the National Congress for New Politics.

    Layoffs Granted in Principle by President-Elect's Team Korea Times 29.12.97

      A group of people came to NCNP party headquarters yesterday and protested against policies granting layoffs. There is absolutely no doubt that a series of similar incidents will follow. It is a major threat to the 13 million laborers of this country that the president-elect and his team permitted the layoffs in principle.

  • Monthly Jobless Rate Soars to 15-Year High Korea Herald 30.12.97

  • A Korean Company Town Suffers as Steel Mill Fails The New York Times 30.12.97

  • Unions' Layoff Protests Intensify; KCTU Holds Rallies in Row with President-Elect Kim on the Issue Korea Herald 29.12.97

      Spearheading the protest was the Korean Confederation of Trade Unions (KCTU), the second largest but most militant labor group in Korea. Rallies were held nationwide Saturday. Thousands of angry KCTU members rallied in Seoul, Taegu, Kwangju and Ulsan at the same time and strongly called for the withdrawal of the government's move to allow layoffs.

  • Lay-offs to be Implemented Early Joongang Ilbo English News 29.12.97

  • Kim Seeks Labor's Cooperation for Economic Takeoff-Union Warns Against Massive Layoffs Korea Times 28.12.97

      In a meeting with representatives of the hard-line Korean Confederation of Trade Unions (KCTU) Saturday, Kim sought their cooperation to cope with the IMF-controlled economy. . . . Acting KCTU chairman Bae Suk-bom said, "Before the presidential election, you emphasized job security repeatedly. As soon as you were elected, you set free two former presidents Chun Doo-hwan and Roh Tae-woo. The National Assembly killed the real-name financial transaction system. On the fourth day following your victory, you said in front of American officials layoffs are inevitable." He said, "We must express deep disappointment over your change of stance in a matter of days, adding that we cannot shed the impression that the president-elect represents the interests of management only."

      In a related story, labor activist-turned-politician Kwon Young-kil said he opposed the move by the government and the International Monetary Fund to introduce the law to allow layoffs. Kwon, who ran in the presidential election last week on the People's Victory 21 ticket, feared that the layoffs, which the government hopes will accelerate the restructuring of the country's firms, will cause mass unemployment and eventually trigger the collapse of Korean society. In a ceremony to disband the election headquarters, Kwon denounced the government for trying to shift responsibility for the financial crisis to laborers, insisting that the ``main culprit of the current economic crisis is the collusion between the government and chaebol.'' Kwon also said he will devote himself to launching a progressive political party, hoping that major industrial areas like Ulsan, Changwon, Inchon and Ansan will be able to produce representatives in parliament and local assemblies and governments. Kwon's hope is based on the better-than-expected results in those areas in the past presidential election, he said. Thousands of workers meanwhile held sit-ins in downtown Seoul, Ulsan and Taegu to denounce the government's attempt to introduce the law for layoffs.

  • Korea: Markets surge on speed-up of $10bn loan Financial Times 27.12.97

      Kim Dae-jung, South Korea's president-elect, warned unions that job cuts would be inevitable, while proposing a new flexible industrial relations policy.

  • President-Elect Asks Workers Not to Demand Pay Rises Korea Herald 27.12.97

  • Unions To Resist Social Contract Digital Chosun 25.12.97

      Chong Song-hee, the director of the Korean Confederation of Trade Unions (KCTU), commented that the plan of government and business is to cover up the cause of the present exchange crisis, and his members cannot accept the approach that labor, which had worked hard, suffer, while conglomerate management, that operated poorly escape responsibility. If they force such an agreement, the KCTU will oppose it, possibly organizing a general strike.

  • TOP TEN NEWS OF 1997 Picked By The Chosun Ilbo Does NOT include the general strike! Digital Chosun 25.12.97

  • Foreign Workers Leaving Country; As Won's Devaluation Cuts Their Real Income Korea Herald 26.12.97

  • President-Elect Grants Layoffs at Financial Firms Korea Times 26.12.97

  • U.S. Joins Other Nations in New Bailout Plan for South Korea Kim has also agreed to allow Korean companies to lay off workers, ending one of the practices that has kept companies bloated. That agreement could easily turn into a major political problem for Kim. South Korea's enormously strong labor unions have already promised street demonstrations to protest layoffs, and American officials are concerned that much of the anger will be directed at the United States. The New York Times 25.12.97 You need to register at The New York Times to read this article, but registration is free.

  • Kim Dae-jung Reveals Business Policy Layoffs should still be considered secondarily as companies should first attempt freezing or cutting wages, though if this fails mass redundancies will be permitted. Digital Chosun 24.12.97

  • IMF, G-7 to speed up loans for South Korea; President makes reform pledge At a meeting with business leaders, Kim also called on family-controlled conglomerates to shed money-losing subsidiaries. "Companies must freeze or slash wages. If that proves not enough, layoffs will be inevitable," he said. CNN 24.12.97

      Kim to propose new anti-labour laws . . .

    • Korea: Nervous statement by Kim fuels debt default fears Mr Kim, who has close ties with trade unions, yesterday said he would push for early parliamentary passage of labour laws making it easier for companies to sack workers as part of industrial restructuring. Financial Times 24.12.97 You need to register at the Financial Times to read this article, but registration is free.

    • Lay-offs Acceptable During Corporate Mergers In preparation of an action plan to meet the International Monetary Fund (IMF) conditions, President-elect Kim Dae-jung will introduce a special legislation during the extraordinary session of the National Assembly allowing lay-offs during corporate mergers. Joongang-Ilbo English news 24.12.97

      . . . but FKTU hails his victory in election

    • FKTU [Federation of Korean Trade Unions] welcomes election victory of Kim FKTU press release 19.12.97



  • Foreign Laborers Begin to Depart From Korea Korea Times 24.12.97

  • Kim Dae-jung Says He will Allow Layoffs to Avoid Insolvency "We have no choice but to fully comply with the agreement between the current government and the IMF," the President-elect said. Korea Herald 23.12.97

  • President-Elect Accepts Layoffs, If Necessary He said the only possible solution for economic restoration is a smooth cooperation with the IMF and he emphasized the critical role of Korea's Western allies. Korea Times 22.12.97

  • Former South Korean leaders freed from jail A small group of protesters outside the gates of Chun's prison were angry at the release of people they called murderers. Later, the anger resulted in clashes. At a university near the homes of the two ex-presidents in western Seoul, 300 students clashed with riot police, shouting, "no freedom to Chun and Roh!" Police, holding plastic shields interlocked in front of them and occasionally firing tear gas, blocked students from marching into the streets. There were no immediate reports of injuries or arrests. CNN 22.12.97

  • Human Rights Groups Demand Prisoners of Conscience Freed With Ex-Presidents Korea Times 22.12.97

  • The IMF is part of the problem by Steve Zeltzer San Francisco Chronicle 20.12.97

    Meet South Korea's New President:

    Kim Dae Jung "Fully Supports" IMF Deal, Will "Strictly Adhere to Market Economy"

    But there is also another viewpoint . . .

    Korean Confederation of Trade Unions:
    Recent statements on the crisis:


    People's Victory 21 disappoints:
    Kwon receives only 306,000 votes (1.2%)

  • People's Victory 21 - Newsletter 13 16.12.97

      "Candidates' Performance Memorandum for the Resolution of National Calamity and Stability of Employment/Hong Yeopyo, a leader of Machang section of KCTU and Changwon branch of PV21 was arrested on December 14th. /Union of Hyundai Motors held a rally for stability of employment ..."

  • Koreans Worry About Increasing Layoffs 17.12.97 The New York Times

      "So far, the unions have not taken to the picket lines in protest. Kim Tae Hyun, director of the planning department at the Korean Confederation of Trade Unions, which led the strikes a year ago when a short-lived law made it easier to dismiss workers, said the group first wanted to press employers to shorten working hours. "
  • Kwon Young-kil Attacks Conglomerates 15.12.97 Korea Herald

  • Dissident Poet Serving Life Imprisonment; Park's Essay Collection Published by Advocacy Group Campaigning for His Release 15.12.97 Korea Herald

  • Amid protests, S. Korean candidates back IMF agreement 13.12.97 CNN

      As the men met in the presidential Blue House, about 2,000 angry students and workers filled the Myongdong commercial district to condemn the $57 billion IMF loan.

      "The government and rich company owners ruined the economy, and now they tell us to take all the pains," one labor leader shouted. "We never will!"

      "We oppose IMF trusteeship! Abolish the IMF agreement!" the protesters chanted.

      Some demonstrators carried signs reading, "Arrest (President) Kim Young-sam for ruining the economy."

      The protesters plan an even bigger demonstration on Sunday.

  • Consensus Sought on Employment, Wages to Cope with Economy -- "Trade unions will be required to freeze wage demands and work longer hours" 13.12.97 Korea Herald

  • People's Victory 21 Newsletter No. 12
      Youth Canvassing Group constructed . . . Protesting inquiry sent to the Daily Han-gyo-reh . . . Press Release of PV21 [on FKTU President's endorsement of Kim Daejung] . . . Central Labor Committee decided 'unjustness of Sammi Special Steel's dismissal' . . . Daenohyup(Federation of Daewoo Unions) is strongly against the 'Freezing Wages and More Work Campaign' by the management . . . Unionists of Halla Group had a press interview . . . The staffs of Korean Telecommunication Public Coporation was accused of sexual harassment . . . PV21 Pledges on education, environment. 11.12.97

  • Four Minor Presidential Candidates Convince Public of Their Presence
      "Kwon Young-kil of the People's Victory (PV), a progressive labor union leader, is the most organized candidate among the four. He drew attention from the public during the nationwide protest against endorsement of new labor laws last year. Kwon was the leading figure during the protest, providing him with wide public exposure. The PV's campaign strategy is geared toward organizing regional tours, mobilizing labor union members at local cities. The tour started in Masan and Changwon, two strong bases of labor union activities, and moved across the peninsula to the southern cities of Kumi, Taegu, and Pusan. Kwon has advocated the need for a president with working level experience who can understand the true nature of domestic economy. 'One who has previous working level experience can restore the domestic economy, currently in crisis. I can resolve the problem of prevailing unemployment,' Kwon said at one of his campaign speeches. He has also organized campaign teams assigned to each region, 'Spring Breeze Team' for Yongnam, 'Red Rose Team' for Seoul and others. Kwon and his PV recently produced six campaign songs including 'Wake Up Korea' and 'Hope' and distributed them to the public on streets. While the major candidates appear on high-priced television commercials, Kwon has collected donations from the public totalling 30 million won to produce similar advertisements. Kwon has argued all candidates must be given an equal opportunity to take part in the nationwide televised debates rather than the current policy which says only major political party candidates or those with more than 10 percent of public support can participate." -- Korea Times 10.12.97

  • People's Victory 21 Newsletter No. 11 8.12.97

    Victory for Sammi Steel Workers!



  • Unemployment To Rise By 300,000 8.12.97 Digital Chosun

  • President's Key Reform Finds Unlikely Supporter -- "While all the major presidential candidates are calling for suspension of the real-name financial transaction system, the pro-labor candidate Kwon Young-kil has remained a firm defender of the policy." Korea Herald 8.12.97

  • Korea: Painful prospect -- "It is the workers, not the government officials or corporate leaders responsible for our economic crisis, who will have to bear the brunt of any IMF measures, says Yoon Young-mo, international secretary for the Korean Confederation of Trade Unions." 8.12.97 Financial Times You must register to read FT online -- but registration is free.

  • IMF races to fund S.Korea, next steps up to Seoul -- "the picture is clouded by doubts about whether South Korea's powerful trade union movement will accept the painful changes the government says it will make" CNN 8.12.97

  • FOCUS-IMF loans arrive as more defaults hit Seoul -- "More than 1,000 protesters took to the streets of Seoul on Saturday demanding the government take steps to prevent massive job losses " CNN 7.12.97

  • In Korea, a Time for Sacrifice: Economic Woes Spark Collective Belt-Tightening Efforts -- "We've completely lost our economic sovereignty," said Kwon Young Gil, a union leader and long-shot candidate for president. Washington Post 6.12.97

  • Trade Unions Poised for General Strikes against Impending Massive Layoffs Korea Herald 6.12.97

  • Latest issue of Peoples Victory 21 newsletter 4.12.97

  • Report on Wednesday's demonstration in Seoul 4.12.97 Exclusive!

  • Korean Bank Workers React to IMF 3.12.97

  • Korea: Bail-out may transform economy -- "This process will come with a high cost, with unemployment and possible labour unrest" 4.12.97 Financial Times You must register to read FT online -- but registration is free.

  • KNCC Picks Winner of Its Human Rights Award -- and the winner is arrested human rights campaign Suh Jun-sik 3.12.97 Korea Herald

  • South Korea, IMF try to finalize economic bailout -- "About 250 bank employees picketed in the capital's downtown financial district on Tuesday and threatened to call a general strike should the government agree to close some banks, rather than merge them." 3.12.97 CNN

  • Pu-chon working youth group for democracy arrested -- 10 arrests of activists who wanted only "to organize the working-class into a party" 1.12.97 Korea Human Rights News

  • IMF Bailout to Bring about Low Growth, Massive Layoffs 2.12.97 Korea Herald

  • PV 21 Financial Crisis . . . Protests Unfair Allocation of TV Time for Candidate Debates . . . Slogan Adopted: "Wake Up, Korea!" . . . Demands Retention and Strengthening of "Real Name" Reforms . . . Evacuated People Sit In . . . Bank Workers Fight Downsizing . . . PV21 Stand on Reunification 1.12.97 People's Victory 21 Newletter

  • South Korea: Government agrees terms for IMF loan -- "International bankers and investors have demanded stringent IMF conditions, including flexible labour laws" 1.12.97 Financial Times You must register to read FT online -- but registration is free.

  • Korea to Face Worst Jobless Situation Next Year; Unemployment Rate will Be 6 Percent Level, the Highest Since 1967 1.12.97 Korea Herald