KGM Wraps Up 2026 Wage and Collective Bargaining Agreement Without Labor-Management Dispute, Marking '17th Consecutive Record'

*This content was translated by AI.

KG Mobility (KGM) has finalized negotiations on its 2026 wage and collective bargaining agreement. In a member vote held on the 29th, the tentative agreement was ultimately approved by majority support. With this outcome, KGM continues its streak of no labor disputes for 17 consecutive years since 2010, establishing stable labor-management relations.

The negotiations began in June with an initial meeting between both parties. Since then, a total of 18 negotiation sessions were conducted. The tentative agreement was reached during the 18th session held on the 27th. Key terms include a base salary increase of 75,000 won and a total payment of 3.6 million won, including production incentive bonuses (PI).

KGM's labor and management conducted negotiations while sharing an understanding of the company's current situation and future vision. Both sides focused on ensuring stable production, enhancing efficiency, and advancing new business initiatives. They also reached a consensus that the company's growth will lead to expanded welfare benefits in a virtuous cycle. This reflects their shared commitment to marking a critical turning point toward sustainable corporate growth.

Based on the early conclusion of negotiations, KGM plans to concentrate on its second-half business strategy. The goal is to aggressively strengthen efforts to penetrate global markets and increase sales volume. Through these measures, the company intends to fully dedicate itself to expanding profitability. Building on a labor-management culture rooted in mutual benefit and cooperation, KGM aims to improve its management performance. Additionally, it plans to enhance production process stability and strengthen product quality competitiveness to meet customer expectations.

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*This content was translated by AI.