Korea Development Bank Chairman Lee Dong-geol (photo) said on the 12th, “I hope you will present a promise to stop any industrial action until a surplus comes out” regarding the support for Ssangyong Motors, who applied for corporate rehabilitation.
Chairman Lee put up the same conditions for support for Ssangyong Motor, which is in a liquidity crisis, at an online New Year’s meeting.
Chairman Lee also said, “Please increase the collective agreement from one year to three years to make a contract. He said, “I want to increase the validity period of the collective agreement to three years.”
He said, “Before the restructuring companies normalize, we have seen many cases of self-harm to strike labor-management negotiations every year before turning into a surplus.” Since I think there should be no action, I want to increase it from one year to three years.”
He emphasized, “If two prerequisites are not presented along with the business feasibility evaluation, the KDB will not support even a single won”. Chairman Lee ordered that Ssangyong Motor’s labor-management, “you must be prepared.”
Chairman Lee said, “If you miss this time as your last chance, there is no possibility to recover. Ssangyong Motor should think that if the successful investment fails to bear fruit and becomes insolvent again, that is the end of Ssangyong Motor.” “According to the principle of sharing pain with interested parties, Ssangyong’s labor and management should faithfully engage in consultations. I will refuse.”
Regarding the issue of the voting rights exercise committee for Hanjin Kal, the parent company of Korean Air, Chairman Lee said, “We will actively review the areas that can be reflected among the principles of the stewardship code (trustee responsibility) in order to improve corporate value and promote sustainable growth of the company.” Said.
The National Pension Service’s objection to the amendment of the articles of incorporation for the integration of Korean Air and Asiana Airlines was “Why did it do that,” despite the expectation that the value of its stake in the national pension will increase a lot. “I have no choice but to have doubts,” he said. “From the standpoint of Saneun, I don’t think the justification has faded.”
Chairman Lee said, “I know that Hyundai Heavy Industries is working hard to obtain approval by the end of March of this year,” saying, “I know that we are working hard to obtain approval by the end of March of this year. “There is no discussion on how to reduce the ability,” he said.
Reporter Nam Jeong-hoon firstname.lastname@example.org
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