Word: tongmyung
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...year. Inflation has reached almost 20%. Last month workers at the Sabuk coal mines, demanding a 40% pay hike, rioted for three days; a policeman was killed and scores on both sides were injured before the miners settled for a 20% increase. Three weeks ago, the Tongmyung Timber Co. of Pusan, South Korea's largest plywood maker, went bankrupt, leaving liabilities of $106 million. Some of its 3,000 employees demonstrated for their unpaid wages and skirmished with police. Says a Korean economist: "With more big bankruptcies like that one, much of our labor force could explode...
| 1 |