[DISCLOSURE]
Hyundai Heavy Industries (009540) will temporarily shut down its plant in Ulsan due to the union’s ongoing partial strike, the shipbuilder of Hyundai Group said on July 20.
The Ulsan plant -- which accounted for 47.82 percent of the firm’s total annual revenue last year -- will halt operations from 1 p.m. to 5 p.m. and 9 a.m. to 5 p.m. on July 20 and 22, respectively. HHI explained that it plans to post further notices on the shut down after negotiating with the union.
