The Koreas

Citibank’s Korea Troubles Continue

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The Koreas

Citibank’s Korea Troubles Continue

Despite a favorable court ruling last week, Citibank Korea’s woes continue to mount.

With a Seoul District Court rejecting a petition filed by the union of Citibank Korea for an injunction on voluntary resignation, the long-lasting conflict between the union and Citibank Korea is likely to continue.

The union asked the Seoul Central District Court in April to invalidate Citibank Korea’s early retirement program, insisting that it is tantamount to forced dismissal and arguing that it did not follow proper procedures. The union also argued that the bank management unilaterally introduced the program without discussing it with the union.

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