Monday, October 26, 2026 · Morning
Contents
Flip view
Economy · Planned · 5 sources combined p. 1 / 2
HD Hyundai Heavy labor deal
Deadline Deadline October 26 · Member vote scheduled
Photo: 연합뉴스 In short HD Hyundai Heavy Industries and its union have reached a new wage agreement this year.
This comes 21 days after the first agreement was rejected in a member vote last month.
A final deal will be determined after a member vote on the 26th.
Key facts When The agreement was reached at the 26th round of negotiations held at the Ulsan headquarters on the 23rd. Who HD Hyundai Heavy Industries and its union prepared a second provisional agreement on wages and collective contract this year. What They agreed on a base salary increase of 120,000 won, a one-time payment of 11.5 million won, and a 200% pay provision. How Compared to the first agreement, they added 500,000 won to the one-time payment and increased the seniority-based raise by 5,000 won.
What it means for me
This case provides insight into wage negotiation trends in the shipbuilding industry.
Why does this matter? After the first agreement was rejected, the conflict involving strikes and rooftop protests is entering a resolution phase.
Economy · Under review · 2 sources combined p. 2 / 2
Tax deduction for electric vehicles
Photo: 한국경제 In short The government decided to review expanding tax deductions for electric vehicle production.
Initially, only six sectors including semiconductors and secondary batteries received benefits.
The government accepted the industry's request to counter the Chinese offensive in electric vehicles.
Key facts When On the 25th, Deputy Prime Minister and Finance Minister Lee Hyung-il held talks with related ministries. Who Finance Ministry, Trade Ministry, Climate and Energy Ministry, and 17 lawmakers from ruling and opposition parties. What The plan is to add electric vehicles that were previously excluded from the domestic production tax deduction target. How Taxes are reduced proportional to domestic production volume, and the decision will be made during National Assembly review next month.
What it means for me
All Shop owners
If you are considering purchasing an electric vehicle, it is worth watching the price competitiveness changes of domestic models.
If you operate an electric vehicle or parts-related business, the expansion of tax benefits is an important variable.
Why does this matter? It is a measure to protect the domestic electric vehicle industry amid the Chinese low-cost electric vehicle offensive.
Drag a corner or swipe to turn · keyboard ← → · auto-flip pauses when you touch
Contents of this edition ✕
