BoK feels the pinch

Bank of Korea (BoK) officials are up in arms about alleged plans by the government to scrap some of the central bank's 16 regional headquarters and cut its payroll.

The bank and state-owned banks are under increasing pressure to streamline their organizations, with the government's Board of Audit and Inspection auditors (BAI) set to restructure state-invested financial institutions.

The BoK union on Monday 7 November criticised the government, arguing that it intended to undermine the central