▲ Woolim Construction Company chairman Kim Young-hwan(second from left) and union president cum company president Pyo Yun-soo(third from left) pose for a photo along with staffers to commemorate the opening of a new office.(Courtesy of Woolim Construction Union Local of the Korean Construction Industry Union)

 

Woolim Construction Company went bankrupt in August last year, ending 33 years of business in the construction industry. However, unionized employees raised the fund and founded a legal entity. They had been searching for the investors to revive the ill-fated company and succeeded in reconstructing the company through the joint investment.

reported by Bae Hye-jeong
translated by Kim Sung-jin

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