Seoul: Unionized financial workers on Tuesday voted for a one-day nationwide strike later this month calling for a wage hike and a 4.5-day workweek. The Korean Financial Industry Union (KFIU) announced that an overwhelming 95 percent of its members supported the decision to strike on September 26.

According to Yonhap News Agency, the KFIU, which is part of the Federation of Korean Trade Unions, represents employees from South Korea’s major private and state banks, as well as other financial institutions. The union is seeking not only a wage increase but also a reduction in the workweek to enhance work-life balance for its members.

In addition to wage and workweek demands, the union is advocating for increased hiring and an extension of the retirement age. These demands come amid broader discussions on labor conditions in the financial sector, as workers seek more favorable terms of employment.