Workers at Kumho Tire Co., South Korea’s second-biggest tire maker, went on a strike after the managers could not agre to a wage peak system.
The eight-hour strike started at 6:30 a.m.
The management has been making efforts to adopt the wage peak system ahead of the extension of the retirement age, while the labor union refuses to follow the new policy.
A wage peak system allows employees to accept a reduced salary in exchange for working past the retirement age set by the company.