Wage increase of 100,000 won, performance bonus up to 400%... Hyundai Motor tentative wage agreement approved

*This content was translated by AI.

The tentative wage agreement for Hyundai Motor has been finally approved. According to the vote results on the tentative wage agreement, the approval rate was 61.55% of all voters.

A total of 31,166 out of 39,638 members participated in the voting, recording a turnout of 78.63%. Among them, 19,183 (61.55%) voted in favor and 11,914 (38.17%) voted against, resulting in the approval of the agreement.

Hyundai Motor's management and labor reached a tentative agreement during the 16th wage negotiation held on Tuesday, August 25, at the Donghaeng Room in the main building of the Ulsan plant.

Key contents of the tentative agreement include new hires for core technical positions—200 in 2027 and 300 in 2028—a base wage increase of 100,000 won, a performance bonus of up to 400% or 12.7 million won, 15 shares of stock, and Hashi Points worth 500,000 won.

A Hyundai Motor official stated, "Based on the approval of this tentative agreement, management and labor will devote their full efforts to production in the second half of the year and produce products with global top-quality standards to repay customer support."

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*This content was translated by AI.