Tag: subcontractors

subcontractors

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Ju Biung-ghi, the chairman of the Fair Trade Commission, speaks during a meeting in Seoul on May 21. [YONHAP]

Construction companies roll out support measures for subcontractors with FTC

Korea's leading construction firms unveiled on Thursday a set of measures to seek shared growth with subcontractors, in line with the antitrust watchdog's efforts to eradicate unfair practices.

2026.5.28

Unionized workers of the Korean Confederation of Trade Unions shout slogans during a rally in central Seoul on March 10, the first day the so-called Yellow Envelope Bill went into effect.[YONHAP]

407 subcontractor unions demand negotiations on first day of ‘Yellow Envelope' bill

The bill is designed to guarantee bargaining rights for indirectly employed and subcontracted workers and prohibit companies from filing damage claims against unions. The Labor Ministry anticipates that more unions will begin demanding negotiations.

2026.3.11

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Members of the Hyundai Steel and Hanwha Ocean irregular workers' union of the Korean Metal Workers' Union are seen during a press conference demanding negotiations with the general contractor in front of the Ministry of Employment and Labor building at the government complex in Sejong on Dec. 15. [NEWS1]

Upcoming 'Yellow Envelope' Act driving higher subcontractor bonuses, employer concerns

With the so-called Yellow Envelope Act — amendments to Articles 2 and 3 of the Trade Union and Labor Relations Adjustment Act — set to take effect in March next year, disputes over “subcontractor bonuses” are heating up.

2025.12.20

Union members of Daewoo Shipbuilding & Marine Engineering's subcontractors shout slogans during a sit-down strike on July 20. [YONHAP]

DSME sues leaders of labor union for 47 billion won after strike

Daewoo Shipbuilding & Marine Engineering (DSME) announced Friday that it has filed a 47-billion-won ($35.3 million) damage claim suit against the leaders of a labor union. DSME said it had filed the suit in order to prevent the recurrence of...

2022.8.26

Daewoo Shipbuilding & Marine Engineering (DSME) employees hold a rally opposing a subcontractors' strike at DSME's shipyard in Geoje, South Gyeongsang, on July 20. [SONG BONG-GEUN]

After strike, KDB seems to have had enough of DSME

A 51-day strike by subcontractors of Daewoo Shipbuilding & Marine Engineering (DSME) exposed the company’s vulnerability to labor problems and cost it heavily, a major setback for a company up for sale.

2022.7.29

Workers oversee Daewoo Shipbuilding & Marine Engineering's shipyard in Geoje, South Gyeongsang, on Monday. [YONHAP]

Daewoo Shipbuilding & Marine Engineering management offers public apology for recent strike

The management of Daewoo Shipbuilding & Marine Engineering (DSME) on Tuesday apologized to the public for the recent strike by its subcontractors and said that it will take the lead in creating fundamental improvements and a new cooperation model.

2022.7.26

DSME could be split up and a division sold off, though KDB denies

Daewoo Shipbuilding & Marine Engineering (DSME) assets may be sold off if efforts to sell the whole company are unsuccessful, according to local press reports. But the Korea Development Bank (KDB), the largest shareholder of DSME, denied this Monday.

2022.7.25

A member of the subcontractors' union of Daewoo Shipbuilding & Marine Engineering (DSME) enters the briefing room to announce an agreement between the company and subcontractors Friday. [NEWS1]

DSME, subcontractors reach agreement ending 51-day strike

Daewoo Shipbuilding & Marine Engineering (DSME) reached an agreement with its subcontractors Friday, ending a strike by the subcontractors that has gone on for more than 51 days.

2022.7.22

A police helicopter flies over the Daewoo Shipbuildling & Marine Engineering shipyard in Geoje, South Gyeongsang, Friday, as the stirke by the company's subcontractors continues for the 51th day. [NEWS1]

Korea Development Bank puts limit on support as DSME strike continues

As the strike by subcontractors of Daewoo Shipbuilding & Marine Engineering (DSME) continues, Korea Development Bank (KDB), the largest shareholder of DSME, announced that it will not provide additional support if losses expand. Bankruptcy is also...