Coway Reaches Wage Agreement with Production Labor Union After Two Months of Negotiations

Coway announced on the 27th that it held a signing ceremony after reaching a final agreement on the 2026 wage agreement with the Production Coway Labor Union.

The signing ceremony was held on the 24th at the Yugoo plant in Gongju, Chungcheongnam-do. The event was attended by Kim Kibaek, Head of Production and Purchasing at Coway, Lim Jaehwan, Chairman of the Production Coway Labor Union, and other representatives from labor and management. They signed the agreement, reaffirming their commitment to cooperation. Through this wage agreement, labor and management agreed to increase the base salary and other related matters.

Kim Kibaek, Head of Production and Purchasing at Coway (right), and Lim Jaehwan, Chair of the Coway Labor Union Production, are taking a commemorative photo at the wage agreement signing ceremony. Coway

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Coway began negotiations for the 2026 wage agreement with the Production Coway Labor Union in February of this year and reached a tentative agreement on the 16th of this month. The final agreement was reached with 77 percent approval in a union vote held from the 20th to the 22nd. Coway explained that this was the shortest negotiation period yet, with the agreement reached in just two months since the start of talks.

A Coway representative said, "Labor and management achieved the meaningful result of the 'shortest agreement in two months' based on mutual understanding and trust. We will continue to strengthen production competitiveness through close cooperation between labor and management and do our utmost to provide customers with the best products and services."

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