Korean automakers conclude wage talks, pivot to H2 sales amid tariff pressures

Korean automakers shift gears to H2 sales growth as wage talks wrap up

South Korea’s five major automakers are on track to finalize their annual wage talks as soon as Monday, freeing them up to concentrate on expanding sales in the second half amid mounting pressure from US tariffs, intensifying competition with Chinese rivals and slowing global demand. Hyundai Motor Co., the last of the five automakers to complete negotiations, is holding a union vote Monday on a tentative agreement reached last week. If approved, it would effectively bring this year’s wage and co

By The Korea Herald