Hyundai Motor strike loss nears 7 trillion won amid bonus dispute

Hyundai Motor's workers in Ulsan have expanded their partial strike to four‑hour shifts, covering both morning and evening crews. The action is expected to halt production of roughly 10,000 vehicles and push cumulative revenue losses close to 7 trillion won (about 5 billion USD).

The central issue is a gap in proposed bonus payments: the company offers about 33‑35 million won per worker, while the union demands 70‑80 million won, a difference of around 40 million won. Negotiations have stalled as both sides contend with wage, profit‑sharing, and broader labor‑time demands. Industry analysts warn that prolonged disruption could affect suppliers and logistics throughout South Korea's auto sector.