South Korean unions halt rail sell-off
South Korean trade unions succeed in forcing President Roh Moo-hyun to scrap the part privatisation of the railways in exchange for calling off a major strike.
The move has sent shivers through the Korean financial markets, which now fear other privatisations could be delayed or dropped.
"It's worse than having a strike," said Huh Chan-guk, an economist at the Korea Economic Research Institute
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