Unionized workers at Hyundai Motor Co. Ltd. and Kia Motors Corp. walked off the job today to join in a strike called by the Korean Metal Workers Union to protest South Korea’s pending free-trade agreement with the U.S. At issue is an agreement calling for South Korea to drop tariffs and other restrictions on imported cars. The U.S. will scrap a smaller tariff on Korean trucks. Additionally, the pact calls for Seoul to eliminate an 8% tariff on vehicle imports, as well as non-tariff taxes ...
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