Dongbanwi and Hyundai Wia Sign 'Innovation-Driven Wage Gap Reduction Agreement'

Support for Partner Company Co-Growth Activities Worth a Total of 100.5 Billion Won Over 3 Years

(From left) Park Geun-jong, CEO of Youngjin Tech; Jung Jae-wook, CEO of Hyundai Wia; Kwon Ki-hong, Chairman of the Win-Win Growth Committee; and Kang Sam-su, CEO of EM Korea, are posing for a commemorative photo after signing the agreement.

[Asia Economy Reporter Kim Cheol-hyun] The Win-Win Growth Committee (Chairman Kwon Ki-hong, hereinafter referred to as the Committee) announced on the 4th that it has signed the 'Innovation-Driven Wage Gap Resolution Agreement' with Hyundai Wia (CEO Jung Jae-wook) and its partner small and medium-sized enterprises (SMEs).

Hyundai Wia plans to operate an innovation-driven win-win cooperation program worth a total of 100.5 billion KRW over the next three years for its partner SMEs and employees to resolve the wage gap by strengthening the technological competitiveness of partner SMEs.

Chairman Kwon Ki-hong said, "This agreement expands the scope to include a four-party agreement with second-tier partners," adding, "We hope that first-tier partners in the vehicle parts and machinery manufacturing sectors, along with second- and third-tier partners, will broadly strengthen cooperative partnerships and serve as a catalyst for spreading the culture of win-win growth."

This content was produced with the assistance of AI translation services.