POSCO workers stage 2nd partial strike over wage demands

Workers at POSCO, a major Korean steelmaker, have started their second partial strike over wage demands. This action affects the company's operations at its steel plants in Pohang and Gwangyang, in southern Korea. The strike, which will last for 120 hours, is a significant development for the company and the economy, as POSCO is one of Korea's largest steel producers. The strike's impact on the country's steel production and exports remains to be seen.

Why it matters

The strike may disrupt production and impact the company's bottom line. This could lead to a decrease in investor confidence and a potential decline in the stock price.

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