SM Bexel, a manufacturing subsidiary of SM Group, has successfully concluded its wage and collective bargaining agreement (CBA) without disputes for six consecutive years, from 2021 to 2026.
The company announced on August 13 that the signing ceremony for the 2026 CBA took place on August 12 at its headquarters in Gumi, North Gyeongsang Province. Key representatives from both labor and management, including CEO Choi Se-hwan and labor union chairman Ahn Hyo-yong, attended the event, committing to fostering a culture of coexistence and trust.
Achieving six consecutive years of a dispute-free agreement is a rare accomplishment in the domestic manufacturing sector. The labor and management at SM Bexel have focused on improving working conditions and enhancing employee welfare, in line with the management philosophy of SM Group Chairman Woo Oh-hyun, which emphasizes communication and partnership.
With strengthened labor-management ties, the company plans to enhance its competitiveness amid challenging domestic and international conditions by ensuring stable production of key products, such as lithium ampule batteries for the defense industry, and expanding collaboration with its clients.
Choi Se-hwan, CEO of SM Bexel, stated, "The strong camaraderie and understanding between labor and management have allowed us to maintain a successful CBA for six years without major disagreements. We will continue to work hard to establish a partnership perspective and ensure that the valuable outcome of a dispute-free agreement becomes deeply rooted in our organizational culture."
Meanwhile, SM Bexel is accelerating its efforts to capture the high-value battery market by expanding its business in specialized batteries for industrial and medical use, including lithium ampule batteries used in military radios and guided weapons.
* This article has been translated by AI.
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