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| | South Korea unions abandon strike |
 | | The February 9 agreement to scrap South Korea's "life-long employment" policy was reached between KCTU leaders, leaders of a second, state-sanctioned union federation, officials of the country's major business conglomerates and representatives of Kim Dae Jung, the longtime bourgeois opposition leader who had heavy union backing in the election and takes office February 25. |
 | | A specially convened meeting of KCTU union delegates rejected the tripartite deal, forced the resignation of the entire leadership, and installed an emergency executive committee headed by Dan Byung-Ho, president of the Korean Democratic Federation of Metal Trade Unions. |
 | | The value of the South Korean won fell sharply on money markets, the stock market plunged, and the union leaders bowed to the argument that they must do what was in the interests of the "national economy"in other words, in the interests of South Korean capitalism. |
| www.wsws.org /news/1998/feb1998/korfin.shtml (578 words) |
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