REUTERS , SEOUL
About 40,000 unionized workers at South Korea's top car maker, Hyundai Motor Co, began a two-day strike yesterday to demand higher wages, fanning investor fears over another summer of labor unrest.
South Korea traditionally faces a seasonal rise in union action every summer, but labor strife this year poses a big headache for a government struggling to boost sluggish domestic demand and business spending.
If successful in hiking wages, the strikes also threaten to reduce Hyundai's competitiveness against US and Japanese car makers, whose wages are flat or growing slowly, and strengthen its push to move car plants to Europe and the US.
http://www.taipeitimes.com/News/worldbiz/archives/2004/06/30/2003177167pic
http://www.taipeitimes.com/News/worldbiz/photo/2004/06/30/2003138836----
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