![\"Representatives](\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/08\/news-p.v1.20260707.5c0d1a12c9334179a4d4cacbddf7cdd6_P1.png\"\/ "\\"Hyundai")
Representatives of Hyundai Motor’s labor and management sit down for negotiations. Yonhap News<\/p>\nRepresentatives of Hyundai Motor’s labor and management sit down for negotiations. Yonhap News<\/p>\n
[[B1]] Hyundai Motor’s (005380.KS) labor union will launch its first full-scale strike in a decade after wage talks stalled. Management and the union resumed negotiations for the first time in 41 days but failed to narrow gaps on key issues, including performance-based pay and an extension of the retirement age.<\/p>\n
[[B2]] According to industry sources on the 18th, Hyundai Motor’s management and union held their 16th round of main negotiations at the Ulsan plant beginning at 2 p.m. that day but concluded without any notable progress. The session was the first since the 15th round on the 8th of last month, 41 days earlier.<\/p>\n
[[B3]] Management reportedly did not put forward any additional proposal on wages during the negotiations. On extending the retirement age, the company proposed discussing the timing of implementation and a wage peak system through a supplementary agreement immediately after the law is revised. On reinstating dismissed workers, it said it would decide at the end of the year after reviewing the relevant conditions.<\/p>\n
[[B4]] Shortly after the talks fell through, the union convened its central dispute committee and set an additional strike schedule. The union resolved to stage partial strikes of four hours per shift on the 19th and 20th, and to halt production for another four hours per shift on the 24th and 25th.<\/p>\n
[[B5]] In particular, the union will begin an eight-hour full strike on the 21st. It is the first all-day full strike by the Hyundai Motor union this year and the first in a decade since collective bargaining in 2016. The union plans to bring all finished-vehicle production lines to a stop that day and then march on the company’s headquarters in Yangjae-dong, Seoul.<\/p>\n
[[B6]] Management and the union have run on parallel tracks throughout this year’s wage and collective bargaining. Citing the example of Samsung Electronics, the union is demanding that 30% of last year’s net profit be paid out as performance-based pay. Its demands also include a 149,600 won increase in monthly base pay, excluding seniority-based raises, the reinstatement of dismissed union members and an extension of the retirement age. Management, by contrast, says it cannot accept the union’s demand on performance pay, which would require at least 3 trillion won ($2.2 billion). It is also resisting the retirement-age extension, arguing that adoption at the level of an individual company is difficult before the change is written into law.<\/p>\n","protected":false},"excerpt":{"rendered":"Representatives of Hyundai Motor’s labor and management sit down for negotiations. Yonhap News [[B1]] Hyundai Motor’s (005380.KS) labor…\n","protected":false},"author":2,"featured_media":123359,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[63837,295,702,800,31477,2716,2774,508],"class_list":["post-123358","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hyundai-motor","tag-full-strike","tag-hyundai","tag-hyundai-motor","tag-labor-union","tag-performance-based-pay","tag-retirement-age-extension","tag-ulsan-plant","tag-wage-negotiations"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/123358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=123358"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/123358\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/123359"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=123358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=123358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=123358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}