Sunyang Soju Labor and Management Agree to Freeze Wages... "Overcoming Management Crisis"

Published 22 Aug.2024 10:50(KST)

Updated 30 Jul.2025 08:23(KST)

Kim Kyusik Says "We Will Solidify Our Status as a Leading Soju Producer"

On the 22nd, the labor-management wage agreement ceremony was held at the headquarters of Seonyang Soju. CEO Kim Gyusik (left) and Labor Union Chairman Yoo Byunghak / Seonyang Soju

Seonyang Soju Co., Ltd. announced that it has reached an agreement with the labor union to freeze wages for this year.

Seonyang Soju has been experiencing management difficulties due to a continued decline in sales since the COVID-19 pandemic, compounded by advertising and marketing from large corporations with strong capital power. In order to overcome this crisis, labor and management have agreed to freeze wages this year.

Yoo Byunghak, head of the labor union, said, "All union members are well aware of the current management crisis, and we have come together to freeze wages in the spirit of overcoming it together."

Kim Gyusik, CEO, stated, "Based on the mutual trust built over the past 51 years between labor and management, we will join forces to overcome this crisis and firmly establish our status as a specialized soju company known for making excellent soju."