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WorldPosted at: Jan 19 2016 4:04PM


South Korea union group pulls out from labour reform pact

SEOUL, Jan 19 (Reuters) South Korea's largest labour union grouping withdrew today from a labour reform agreement, a setback for President Park Geun-hye's ambitious reform drive just a few months ahead of parliamentary elections.
Park has made the reform of South Korea's rigid labour practices one of the key goals of her government, to help revive Asia's fourth-largest economy in the face of an extended slump in exports and slowing population growth.
"The FKTU will no longer participate in the tripartite commission as agreements made there are not abided by," Kim Dong-man, president of the Federation of Korean Trade Unions (FKTU) which has a million members, told a news conference.
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