Yonhap Infomax NewsSouth Korea’s financial regulators have launched direct negotiations with the MG Non-Life Insurance union, addressing key issues such as employment succession and severance pay to facilitate the insurer’s restructuring, after previous talks stalled due to union opposition.
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Financial Regulators Open Talks With MG Non-Life Insurance Union—Employment and Severance Pay Under Discussion
South Korea’s financial regulators have launched direct negotiations with the MG Non-Life Insurance union, addressing key issues such as employment succession and severance pay to facilitate the insurer’s restructuring, after previous talks stalled due to union opposition.