Kia Motors reached an agreement with its workers union on a wage package for the year 2017 on 18 January 2018. In a vote held on the tentative agreement, 66.6% (17,809 members) of 26,760 union members (92.9% of all union… Continue Reading
The subcontracted baker issue in Paris Baguette (PB) has concluded 4 months after the Ministry of Employment and Labor (MOEL) stated “PB will be fined KRW 10 million (USD 9,326) per baker, if it does not directly hire its 5,309… Continue Reading
On 13 December, Seoul National University Hospital (SNUH) announced that it had concluded wage and collective agreements after 2 days of a strike by the SNUH trade union. In the agreement, labor and management will convert workers in permanent and… Continue Reading
On 19 December, labor and management at Hyundai Motor concluded a tentative wage and collective agreement, 8 months after the first negotiations in April 2017. Major points in the agreement include: ▲monthly base pay to increase by KRW 58,000 (USD… Continue Reading
Hyundai Motor Group opened an innovation center it has named ‘Hyundai Cradle’ in California’s Silicon Valley on 15 November. The center will engage in research on and development of future technologies and is an expansion of Hyundai Ventures, the Group’s… Continue Reading
LG Electronics will transform its factory in Changwon to a ‘smart’ factory and hire at least 1,000 new workers for it by 2023. The president of LG Electronics stated that “we need many workers to maintain and improve the automated… Continue Reading
Kia Motors announced that it would reduce overtime work. Perception is that the company started to reduce labor costs when the company lost the ordinary wage lawsuit, resulting in a KRW 1 trillion (USD 886 billion) cost burden. Presumably, the… Continue Reading