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South Korea's striking dock workers have agreed to terms with Daewoo Shipbuilding & Marine Engineering. The strike caused an estimated $400m in damages and delays since last month. Mass layoffs, a 30% pay cut, and record-high cost of living inflation contributed to the decision by workers to strike. No specifics of the agreement are available yet.
TL:DR — A high-ranking S. Korean-based auto park maker is pulling a divide and conquer, while SK Group, the 2nd largest individually controlled S. Korean conglomerate, invests in safe chargers for apartment buildings. Each move feels like an investment in being key players in the global shift toward electrification.
