Hanjin Heavy Industry Co. Ltd. is a Korea

Korea

Korea ) is an East Asian geographic region that is currently divided into two separate sovereign states — North Korea and South Korea. Located on the Korean Peninsula, Korea is bordered by the People's Republic of China to the northwest, Russia to the northeast, and is separated from Japan to the...

n shipbuilding

Shipbuilding

Shipbuilding is the construction of ships and floating vessels. It normally takes place in a specialized facility known as a shipyard. Shipbuilders, also called shipwrights, follow a specialized occupation that traces its roots to before recorded history.Shipbuilding and ship repairs, both...

 company, founded in 1937. It is a multinational company, and is an affiliate of the Hanjin Group.

Situation

7 July, Thousands of protesters clashed with the police in a demonstration against layoffs in Yeong-do

Yeongdo-gu

Yeongdo-gu is a gu in Busan, South Korea. The gu itself is limited to Yeong-do located on the south edge of central Busan...

, Busan

Busan

Busan , formerly spelled Pusan is South Korea's second largest metropolis after Seoul, with a population of around 3.6 million. The Metropolitan area population is 4,399,515 as of 2010. It is the largest port city in South Korea and the fifth largest port in the world...

, and Police fired water cannons with diluted tear-water solution on the crowds after warning the crowds to disperse on the streets.