Automobile Industry Association "Welcomes Peaceful Settlement of This Year's Labor Negotiations by 5 Completed Vehicle Manufacturers"

"Hope for the Continuation of Such Practices"

[Asia Economy Reporter Kiho Sung] The Korea Automobile Manufacturers Association (KAMA) welcomed on the 19th the fact that all five completed vehicle manufacturers, with Kia being the last, reached wage and collective bargaining agreements (wage and collective bargaining agreements) without any labor disputes.

In a statement issued under the name of Chairman Kang Nam-hoon on the same day, KAMA said, "We welcome the completion of wage and collective bargaining agreements without any labor disputes by all five completed vehicle manufacturers, with Kia being the last, amid difficult conditions such as semiconductor supply instability and COVID-19," adding, "Since the agreements were reached without strikes for two consecutive years following last year, we hope this practice will continue."

He continued, "In particular, although Kia's agreement proposal was rejected once, they reached a consensus through dialogue and compromise rather than strikes," emphasizing, "This is evidence of a productive change in labor-management relations in our country."

KAMA stated, "Labor-management relations in the automobile industry are becoming increasingly mature and shifting toward cooperative relationships," and added, "We hope that the energy and passion invested in negotiations so far will be directed toward improving productivity and competitiveness, establishing a structure that leads to employment stability and improved quality of life for workers."

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