E-Land Strike
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E-Land Strike
The E-Land strike () was a strike of South Korean workers waged by the E-Land labor union against the mass-downsizing initiated by New Core Co. and Homever Outlet, affiliated retail organizations of the E-Land Group. The strike, which lasted for 510 days from June 10, 2007, to November 13, 2008, called for the end of the discriminatory system of irregular employment and the reinstatement of dismissed unionized workers. Background Irregularly employed workers Irregular employment is a precarious form of employment that provides little to no job security for irregularly employed workers and excludes them from basic labor rights and welfare protections. Furthermore, due to the status as part-time, temporary, subcontracted, independently contracted and daily workers, irregularly employed workers are often denied work benefits entitled to regular workers, including paid sick and vacation leave, health insurance, unemployment compensation, and seniority. Irregular employment gre ...
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South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and List of islands of South Korea, adjacent islands. It has a Demographics of South Korea, population of 51.75 million, of which roughly half live in the Seoul Capital Area, the List of metropolitan areas by population, fourth most populous metropolitan area in the world. Other major cities include Incheon, Busan, and Daegu. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its Gojoseon, first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Unified Silla, Silla and Balhae in the ...
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Job Security
Job security is the probability that an individual will keep their job; a job with a high level of security is such that a person with the job would have a small chance of losing it. Many factors threaten job security: globalization, outsourcing, downsizing, recession, and new technology, to name a few. Basic economic theory holds that during periods of economic expansion businesses experience increased demand, which in turn necessitates investment in more capital or labor. When businesses are experiencing growth, job confidence and security typically increase. The opposite often holds true during a recession: businesses experience reduced demand and look to downsize their workforces in the short term. Governments and individuals are both motivated to achieve higher levels of job security. Governments attempt to do this by passing laws (such as the U.S. Civil Rights Act of 1964) which make it illegal to fire employees for certain reasons. Individuals can influence their degree o ...
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South Korea And The International Monetary Fund
South Korea and the International Monetary Fund (IMF) partner to assist the country in managing its financial system. Korea's economy is considered fundamentally sound because of the balance of their banking sector and their aim toward a zero structural balance without compromising their ability to sustain debt. The IMF Board in 2019 assessed that the policy framework and financial system in place are sturdy and firmly set. History IMF membership South Korea joined the IMF on August 13, 1955. The relationship between the state and the institution have been steady for the most part. The country contributed $8.582 billion SDR (Special Drawing Rights) to the IMF quota, which comprises 1.81% of the IMF's funds. South Korea has 87,292 votes in the IMF, which is 1.73% of the total. South Korea's member of the IMF Board of Governor is Dong Yeon Kim and the alternate Board of Governor is Juyeol Lee. In 2019, the IMF and South Korea continued their partnership in support of capacity ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ...
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Sovereign Default
A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full when due. Cessation of due payments (or receivables) may either be accompanied by that government's formal declaration that it will not pay (or only partially pay) its debts (repudiation), or it may be unannounced. A credit rating agency will take into account in its gradings capital, interest, extraneous and procedural defaults, and failures to abide by the terms of bonds or other debt instruments. Countries have at times escaped some of the real burden of their debt through inflation. This is not "default" in the usual sense because the debt is honored, albeit with currency of lesser real value. Sometimes governments devalue their currency. This can be done by printing more money to apply toward their own debts, or by ending or altering the convertibility of their currencies into precious metals or foreign currency at fixed rates. Harder to quantify than an int ...
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OhmyNews
OhmyNews (Hangul: 오마이뉴스) is a South Korean online news website with the motto "Every Citizen is a Reporter". It was founded by Oh Yeon Ho on February 22, 2000. It is the first news website in Korea to accept, edit and publish articles from its readers, in an open source style of news reporting. About 20% of the site's content is written by the 55-person staff, while most of the articles are written by other freelance contributors who are mostly ordinary citizens. Political position OhmyNews is a liberal and progressive media. OhmyNews is a media that shows liberal-leaning bias, unlike the somewhat moderate liberal Hankyoreh and Kyunghyang. OhmyNews is an anti-imperialist and anti-racist, but anti-China/anti-Japan government left-wing nationalist media that is common among South Korean liberals. OhmyNews is very critical of the 'hegemonic nationalism' of the Chinese and Japanese governments, and supports 'resistance nationalism', but opposes ethnic nationalism. Ohmy ...
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2007 Labor Disputes And Strikes
7 (seven) is the natural number following 6 and preceding 8. It is the only prime number preceding a cube. As an early prime number in the series of positive integers, the number seven has greatly symbolic associations in religion, mythology, superstition and philosophy. The seven Classical planets resulted in seven being the number of days in a week. It is often considered lucky in Western culture and is often seen as highly symbolic. Unlike Western culture, in Vietnamese culture, the number seven is sometimes considered unlucky. It is the first natural number whose pronunciation contains more than one syllable. Evolution of the Arabic digit In the beginning, Indians wrote 7 more or less in one stroke as a curve that looks like an uppercase vertically inverted. The western Ghubar Arabs' main contribution was to make the longer line diagonal rather than straight, though they showed some tendencies to making the digit more rectilinear. The eastern Arabs developed the digit fr ...
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2008 Labor Disputes And Strikes
8 (eight) is the natural number following 7 and preceding 9. In mathematics 8 is: * a composite number, its proper divisors being , , and . It is twice 4 or four times 2. * a power of two, being 2 (two cubed), and is the first number of the form , being an integer greater than 1. * the first number which is neither prime nor semiprime. * the base of the octal number system, which is mostly used with computers. In octal, one digit represents three bits. In modern computers, a byte is a grouping of eight bits, also called an octet. * a Fibonacci number, being plus . The next Fibonacci number is . 8 is the only positive Fibonacci number, aside from 1, that is a perfect cube. * the only nonzero perfect power that is one less than another perfect power, by Mihăilescu's Theorem. * the order of the smallest non-abelian group all of whose subgroups are normal. * the dimension of the octonions and is the highest possible dimension of a normed division algebra. * the first number ...
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Labour Disputes In South Korea
Labour or labor may refer to: * Childbirth, the delivery of a baby * Labour (human activity), or work ** Manual labour, physical work ** Wage labour, a socioeconomic relationship between a worker and an employer ** Organized labour and the labour movement, consisting principally of labour unions ** Labour Party or Labor Party, a name used by several political parties Literature * ''Labor'' (journal), an American quarterly on the history of the labor movement * ''Labour/Le Travail'', an academic journal focusing on the Canadian labour movement * ''Labor'' (Tolstoy book) or ''The Triumph of the Farmer or Industry and Parasitism'' (1888) Music * ''Labour'' (song), 2023 single by Paris Paloma Places * La Labor, Honduras * Labor, Koper, Slovenia Other uses * ''Labor'' (album), a 2013 album by MEN * Labor (area), a Spanish customary unit * "Labor", an episode of TV series '' Superstore'' * Labour (constituency), a functional constituency in Hong Kong elections * Labors, fic ...
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2007 In South Korea
Events from the year 2007 in South Korea. Incumbents *President: Roh Moo-hyun *Prime Minister: Han Myeong-sook until April 2, Han Duck-soo Events * BBK stock price manipulation incident * February 7: Manhunt International 2007 * April 2: Han Duck-soo becomes prime minister of South Korea, replacing Han Myeong-sook * June 30: The Free trade agreement between the United States of America and the Republic of Korea is signed. * July 19: 2007 South Korean hostage crisis in Afghanistan * August 17: Jellyfish Entertainment is founded. * November 17: 2007 Mnet Asian Music Awards * December 7: 2007 South Korea oil spill * December 19: 2007 South Korean presidential election Sport * 2007 in South Korean football * 2007 Korea Professional Baseball season * South Korea at the 2007 Asian Indoor Games * South Korea at the 2007 Asian Winter Games * South Korea at the 2007 World Championships in Athletics * South Korea at the 2007 UCI Road World Championships * 2007 Korea Open Super Series ...
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