SHOW OF SOLIDARITY:The protesters criticized Yuen Foong Yu Group’s chairman for E Ink Holdings’ decision to close a Hydis plant while keeping other businesses open
Date: Mar 28, 2015
By: Jake Chung / Staff writer
A group of South Korean workers yesterday protested inside a branch of Bank SinoPac in
Taipei to highlight the decision by E Ink Holdings Inc — a subsidiary of the Yuen Foong Yu Group that owns the bank — to close a Hydis plant in South Korea on Tuesday.
E Ink purchased Hydis — a plasma display manufacturer originally owned by South Korea’s Hyundai Group — in 2008 and laid off 400 employees in 2013 before deciding to close the plant this year.
E Ink said that despite the plant’s closure, it would ensure that Hydis remains in business. [FULL STORY]