Hyundai Card Signs Collective Labor Agreement with Union

Hyundai Motor Group's Three Financial Companies Complete Collective Agreement Signing

On the 18th, Hyundai Card labor and management held the "2021 Hyundai Card Collective Agreement Signing Ceremony" at the Glad Hotel in Yeouido, Seoul. (From left in the photo) Yoon Jin-hwan, Head of Planning at Hyundai Card, Kim Deok-hwan, CEO of Hyundai Card, Lee Jae-jin, Chairman of the National Office Financial Services Labor Union, and Kim Young-joo, Head of the Hyundai Card Branch of the National Office Financial Services Labor Union, are taking a commemorative photo after the signing ceremony. Photo by XXX

[Asia Economy Reporter Ki Ha-young] With the signing of the collective agreement between Hyundai Card's labor and management, all three financial companies of Hyundai Motor Group (Hyundai Card, Hyundai Capital, and Hyundai Commercial) have completed their collective agreements.

Hyundai Card and the Hyundai Card branch of the National Office and Financial Services Labor Union held the "2021 Hyundai Card Collective Agreement Signing Ceremony" at the Glad Hotel in Yeouido, Seoul, on the 18th. This marks one year and three months since the labor union was established in February last year and the first negotiations began in May of the same year.

Prior to Hyundai Card's labor-management collective agreement, Hyundai Capital was the first among the three financial companies to sign a collective agreement on the 2nd of last month, followed by Hyundai Commercial signing an agreement on the 29th of the same month.

A Hyundai Card official stated, "Under the principles of trust and sincerity, we achieved a swift and amicable resolution through mutual respect and dialogue," adding, "The three financial companies of Hyundai Motor Group and the labor unions plan to cooperate in establishing a healthy labor-management relationship and fostering a more progressive future for the company."

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