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Financial Workers Take to Streets over State-Run Banks' Potential Relocation

Summary by The Korea Times
Unionized workers in the financial sector took to the streets Friday to oppose the government's consideration of relocating state-run banks and oth...

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Although the government did not present specific relocation plans for financial institutions, such as the Financial Services Commission and the Financial Supervisory Service, in its second plan for the relocation of administrative and public institutions, the financial sector is not interpreting this as a signal of withdrawal. As the government has clarified that it has not excluded financial institutions from the relocation, labor unions at sta…

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(Seoul = Yonhap News) Reporter Yang Soo-yeon = The Korean Financial Industry Workers' Union (KFIWU) will hold a large-scale general strike rally on the 4th in the Sejong-daero area of Gwanghwamun, Seoul.

·Seoul, Korea (the Republic of)
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This is the Japanese-language news site of the Chosun Ilbo, which boasts the largest circulation in South Korea. It delivers breaking news on a wide range of Korean topics, including major articles from the Chosun Ilbo, as well as social, international, North Korean, political, economic, sports, and entertainment news.

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The Korean Federation of Financial Industry Workers' Unions (KFIWU) launched a general strike on the 4th in opposition to the government's push to relocate public financial institutions, including state-owned banks, to regional areas.

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[Digital Daily Reporter Lee Ho-yeon] The financial sector is set to launch a large-scale general strike on the 4th over issues including the introduction of a 4.5-day workweek, wage increases, and the relocation of state-owned banks to provincial areas. In particular, as backlash mounts over the government's push for a second round of relocating public institutions to provincial regions, participation in the strike is expected to be concentrated…

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Seoul Shinmun (서울신문) broke the news on Thursday, September 3, 2026.
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