Taiwanese government is to keep holding shares in CSC
China Steel Corporation (CSC) of Taiwan was privatized in 1995 and Ministry of Economic Affairs held 40% of the steelmaker after the privatization. In 2003, the Ministry started to sell off its shares, reducing down to about 23%. However trade union, representing workers of CSC, filed complaints stating that rights of employees may be affected adversely by these selling offs. As a result, government is decided to withhold selling off shares and keep at least 20% share in the company.