Automakers threaten to move factories offshore ahead of court ruling on wages
Aug 10, 2017
South Korea's automakers on Thursday warned they may have to move their factories offshore pending an imminent court ruling that could increase the cost of salaries by trillions of won.The Korea Automobile Manufacturers Association, representing the country's five car producers, said in a joint statement that a ruling to include bonuses and other extra stipends as part of regular wages would be a "deadly blow" not only to themselves but to their chain of subcontractors."If the prospects of incre