KG Mobility (KGM) has finalized its wage and collective agreement for this year, continuing a streak of 17 consecutive years without disputes.
KGM announced on July 31 that the tentative agreement reached on July 29 was approved by union members, concluding the 2026 wage negotiations.
The negotiations began in June and included 18 rounds of discussions, resulting in a tentative agreement that includes a basic salary increase of 75,000 won and a total payment of 3.6 million won, including production incentives.
With this agreement, KGM has maintained a no-dispute record in wage negotiations since 2010. The company and the union plan to focus on expanding sales and improving profitability based on stable production and global market strategies.
A KGM representative stated, "This year's negotiations recognized that the company's growth leads to a virtuous cycle of welfare expansion. We were able to resolve differences based on the company's long-term development and stability."
Meanwhile, KGM is the second among the five domestic automakers to finalize a labor agreement, following Korea GM. Hyundai, Kia, and Renault Korea have yet to reach agreements.
* This article has been translated by AI.
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