[Asia Economy Reporter Hyunseok Yoo] The labor and management in the financial sector have agreed on a wage increase rate of 2.4%. The previously announced general strike was averted.


On the 7th, according to the National Financial Industry Labor Union (Financial Labor Union), the Financial Labor Union held a signing ceremony for the 2021 sectoral central wage negotiation agreement with the Financial Industry Employers Council.


In the agreement, labor and management agreed to raise wages by 2.4% on a total amount basis this year.



Earlier, when negotiations with the employer group broke down, the Financial Labor Union had scheduled a general strike for this month.


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