Coway Labor and Management, Two Consecutive Years of Dispute-Free Wage Agreement

2023 Wage Agreement Signing Ceremony Held

Coway (CEO Seo Jang-won) announced on the 30th that it held the '2023 Wage Agreement Signing Ceremony' with the Coway Branch (installation and repair technicians) at Coway headquarters located in G-Tower, Guro-gu, Seoul.

The signing ceremony was attended by labor and management representatives, including Coway CEO Seo Jang-won and Lee Hyun-chul, Chairman of the National Home Appliance and Telecommunications Service Labor Union, where both parties signed the agreement together.

Seo Jang-won, CEO of Coway (left), and Lim Chang-kyung, head of the Coway branch, are taking a commemorative photo at the 2023 wage agreement signing ceremony.

Coway began wage agreement negotiations for 2023 with the Coway Branch in July this year and reached a tentative agreement on October 6. Following a two-day approval vote among union members from the 19th, the agreement was finalized with 91.85% approval from Coway Branch union members. This marks the second consecutive year of dispute-free settlement and the shortest negotiation period of just three months.

Through this wage and collective bargaining agreement, labor and management agreed on basic salary increases and adjustments to basic points.

Coway stated, "Based on mutual understanding and trust, labor and management have achieved a meaningful result of a second consecutive year of dispute-free settlement and the shortest negotiation period of three months, following last year." They added, "We will continue to actively strive to enhance customer service quality competitiveness through cooperation between labor and management amid an unstable internal and external business environment."

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