Korean strikes destroying country's IT business
Strikes at LG and Daewoo causing US customers to run
Labour unrest in Korea is damaging the country's IT business. LG Semicon staff are out on strike in the peninsula because of a proposed merger with Hyundai. Yesterday, Hitachi Japan said it had suspended a long standing agreement with LG because Hyundai competes with its own business. And now, Daewoo monitor staff have walked out in protest because they fear they will lose their jobs because of a merger with Samsung. Large US IT companies, including Compaq and IBM, are switching their production to Taiwan and other South East Asian companies because of the strike. ®
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