Tag: negotiations

negotiations

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Hyundai Motor, union reach tentative wage agreement

Hyundai Motor and its union reached a tentative wage agreement featuring a 100,000 won ($72) monthly base-pay increase, bonuses and 500 planned hires.

2026.8.25

Hyundai Motor, HD Hyundai Heavy unions set to strike over bonuses, retirement age

Negotiations at both Ulsan heavyweights have stalled, with a range of demands from labor rebuffed by management as the auto and shipbuilding sectors brace for downstream effects.

2026.7.20

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Members of Crew Union, the Kakao chapter of the Korean Chemical, Textile, Food and Allied Workers' Union, chant slogans at a rally at Pangyo Station Square in Seongnam, Gyeonggi, on May 20. The union holds the rally to demand management take responsibility for the breakdown of wage negotiations. [NEWS1]

Kakao's labor, management fail to reach agreement in 2nd mediation talks

A labor union at Kakao, the operator of Korea's popular messenger service, and the company's management failed to reach an agreement in a second round of mediation with the Gyeonggi Regional Labor Relations Commission on Wednesday.

2026.5.28

President Lee Jae Myung, right, greets U.S. President Donald Trump upon Trump's arrival at National Gyeongju Museum, the venue for the Korea-U.S. summit, in Gyeongju, North Gyeongsang, on Oct. 29. [PRESIDENTIAL OFFICE]

Korean negotiators held firm as U.S. played hardball in trade negotiations, officials say

The U.S. government reportedly pushed Korea to increase its investment package to over $350 billion, a request that President Lee Jae Myung fended off with a determination to bring the whole negotiation back to zero.

2025.10.31

Presidential Director of National Policy Kim Yong-beom, left, and Industry Minister Kim Jung-kwan, right, speak to reporters upon returning from the United States at Incheon International Airport on Oct. 24. [YONHAP]

'No more time': Seoul's trade talk chiefs put damper on hopes for U.S. deal

Returning from yet another meeting in the United States, Presidential Director of National Policy Kim Yong-beom and Industry Minister Kim Jung-kwan expressed pessimism that a trade deal could be announced during the APEC gathering.

2025.10.24

Deputy Prime Minister and Finance Minister Koo Yun-cheol, right, and U.S. Treasury Secretary Scott Bessent, left, meet on the sidelines of the International Monetary Fund (IMF) and World Bank (WB) Annual Meetings in Washington on Oct. 15. [YONHAP]

Korea-U.S. investment deal imminent as reps race to fine-tune details ahead of APEC

The Korean government has entered final negotiations with the United States over a $350 billion investment package, with key talks unfolding this week in Washington.

2025.10.18

U.S. Treasury Secretary Scott Bessent, delivers remarks on the ″Game Plan for U.S. Investment″ on the sidelines of the International Monetary Fund and World Bank annual meetings in Washington on Oct. 15. [AFP/YONHAP]

Momentum builds in Korea-U.S. trade negotiations

Follow-up negotiations to a Korea-U.S. trade deal reached in late July appear to be nearing completion, as comments from top economic officials on both sides on Wednesday suggest rapid progress.

2025.10.16

Trade Minister Yeo Han-koo speaks to reporters upon arriving at Terminal 2 of Incheon International Airport on Sept. 19. [YONHAP]

Tariff negotiations still in deadlock as Korea's trade negotiator returns from Washington

Tariff negotiations between Korea and the United States remain deadlocked, raising concerns for Korean exporters as talks show signs of dragging on. Trade Minister Yeo Han-koo, Korea’s chief trade negotiator, returned on Friday.

2025.9.19

Trade Minister Yeo Han-koo is seen before departing from Incheon International Airport to the United States on Sept. 15. [YONHAP]

Trade minister to visit U.S. to continue follow-up talks on trade deal

Korean Trade Minister Yeo Han-koo is set to depart for the United States on Monday to hold follow-up negotiations on a trade deal stuck between the two countries in late July, Yeo's office said.

2025.9.15

Presidential chief of staff Kang Hoon-sik speaks during a press briefing at the presidential office in Yongsan District, central Seoul on Aug. 28. Kang presented a ″Make America Great Again″ hat signed by U.S. President Donald Trump, a luncheon menu and a name card from the event during the press briefing. [JOINT PRESS CORPS]

Top office defends fruitless Lee-Trump summit: 'Negotiations won't be over until they're over'

Korean officials emphasize ongoing U.S. negotiations as the new normal post-summit, prioritizing trust and careful discussions over immediate agreements.

2025.8.28