Kia Motors and its labor union have reached a tentative wage and collective bargaining agreement, continuing a six-year streak of no strikes.
On August 25, during the 12th round of negotiations held at the Gwangmyeong Auto Land, the parties finalized the 2026 wage agreement. The agreement includes a base salary increase of 100,000 won, a management performance bonus of 300% plus 4 million won, a quality improvement incentive of 100% plus 4.7 million won, a 4 million won bonus for winning the 2026 Auto Car Awards, 47 shares of company stock, and a special point system offering 500,000 points for achieving maximum production and sales targets.
This agreement helps Kia avoid production disruptions, as the union had previously threatened partial strikes if negotiations failed. A vote for union members to approve or reject the tentative agreement is scheduled for August 28.
Both parties have committed to preventing serious accidents and enhancing future competitiveness. They plan to establish a safety culture and jointly respond to industrial transitions to ensure job stability. Additionally, they will contribute 4 billion won to a social contribution fund to support community development and aid vulnerable groups.
A Kia representative stated, "We will work diligently to finalize this wage agreement quickly and take a step forward as a global top-tier company."
* This article has been translated by AI.
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