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KIA Corp Union Suspend Strike: Union at Kia Corp suspends strike action to resume talks with company, ET Auto

KIA Corp Union Suspend Strike: The Kia union is seeking a minimum basic monthly pay increase of 184,900 won (USD 138.12), a performance pay equating to 30% of Kia s 2022 net profit as well as an increase to the retirement age to 64 from 60 and a 4-day work week. ....

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Hyundai Motor's South Korea union accepts 12% wage hike deal

SEOUL: Hyundai Motor Co and a union representing its South Korean workforce on Monday (Sep 18) sealed a wage deal that will boost annual pay by about 12 per cent, avoiding a strike and production losses at the company's biggest manufacturing base. The union, one of the biggest in South Korea with more than ....

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Hyundai reports 92.4% net profit increase in 1Q23

Strong sales worldwide in the first quarter of 2023 helped Hyundai Motor s profits. The carmaker released the financial results on April 25, with net profit growing 92.4% year-over-year. ....

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Hyundai Motor Boosts US Presence With $5 Billion EV Battery Venture

Shares rise 5% to 7 monthsTo develop Georgia battery plant in joint venture with SK ONThe plant, which will start production in H2 2025, supports 300,000 ....

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Hyundai Motor bolsters US presence with $5 billion EV battery venture

By Heekyong Yang and Joyce Lee SEOUL (Reuters) -South Korea's Hyundai Motor Co said on Tuesday it had finalised a $5 billion electric vehicle (EV) battery ....

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