, Korea

Labor strike prompts SC First Bank to temporarily close

SC First Bank temporarily shut down operations at 43 branches in a bid to minimize the impact of a prolonged labor strike, according to Yonhapnews.

 

Unionized workers at SC First Bank, the South Korean unit of Standard Chartered Plc., launched an indefinite strike on June 27 in protest of the management's move to introduce a performance-based pay system, causing bank customers to face inconvenience in using financial services.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Private fund tokens may be the future of investing
Kinexys seeks to keep a token’s sensitive financial information from prying eyes.
More tax perks could drive Philippine SMEs to go ‘green’
The Southeast Asian nation’s 1.1 million small businesses can be a target for green loans. 
Asia struggles with G20 payment targets
The ultimate goal is for cross-border payments to achieve “the speed of the internet.”