Korean Air Labor Union and Management Sign Wage Negotiation Agreement... 3.5% Increase

General Union Agreement Passed

Korean Air held the 2023 wage negotiation signing ceremony on the 18th at its headquarters in Gangseo, Seoul, with labor-management representatives including President Woo Ki-hong and Union Chairman Oh Pil-jo in attendance.

The agreement was approved with 52.57% of union members participating in the vote from the 13th to the 17th voting in favor. According to the agreement, wages will increase by 3.5%, and the maximum payment limit for performance bonuses will be expanded from 300% to 500% of the base salary.

At the 2023 wage negotiation signing ceremony, Woo Ki-hong, President of Korean Air, Oh Pil-jo, Chairman of the Korean Air Labor Union, and labor-management officials are taking a commemorative photo. [Photo by Korean Air]

Employee welfare will also be improved. Jeju bottled water provided to employees can be converted into welfare points, which can be used at the employee welfare mall. For this year only, each employee will receive 500,000 welfare points. The scope of special education expenses support for children with disabilities will be increased, and condolence and celebration support funds will also be raised. The age limit for children eligible to use employee airline tickets will be raised from the previous 30 years old unmarried to 35 years old.

At the signing ceremony, Woo Ki-hong, President of Korean Air, stated, “If labor and management cooperate based on trust, Korean Air will be able to turn any crisis into an opportunity for growth,” adding, “I hope this meaningful negotiation will strengthen the mutually beneficial labor-management relationship.”

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