Kia Management and Union Reach Tentative Wage Agreement: 100,000 Won Base Salary Increase and 450% Performance Bonus

53 Shares of Company Stock and 15.8 Million Won Incentive Payment
Union Members to Vote on Tentative Agreement on September 30

Kia's management and labor union, which had been facing difficulties in wage negotiations, reached a tentative agreement on the 2025 wage and collective bargaining on September 25, including a 100,000 won increase in the monthly base salary.

Kia's management and union announced that they had prepared a tentative wage agreement during the seventh main negotiation session held at Autoland Gwangmyeong that afternoon.

The tentative agreement includes a 100,000 won increase in the base salary (including seniority raises), a performance bonus equivalent to 450% of last year's salary, an incentive payment of 15.8 million won, a 200,000 won traditional market gift certificate, and 53 shares of company stock.

In addition, on September 24, the management and union agreed during a special consultation on ordinary wages, which was held alongside the collective bargaining, to include allowances, holiday bonuses, and summer vacation pay in the calculation of ordinary wages in order to resolve confusion regarding the scope of ordinary wages.

Kia's management and union had successfully concluded negotiations without any labor disputes for four consecutive years from 2020 to last year. However, this year, the union demanded that 30% of last year's operating profit be paid as a performance bonus, leading to difficulties in reaching an agreement during the negotiation process.

A vote among union members on the tentative agreement will be held on September 30.