Hyundai Motor (KRX:005380) resumed full production at its Ulsan and all other Korean plants Wednesday following the end of a labour stoppage that halted output for roughly two weeks in late August, the company disclosed. The resumption follows ratification of a wage agreement by the Korean Metal Workers Union's production-worker constituency.
Hyundai's production had fallen ₩78.77 trillion of FY2025 parent revenue, or 42.29% of ₩186.25 trillion consolidated revenue. Strike-related disruptions have become routine every one to two years as labour negotiations centre on profit-sharing formulas and compensation structure.
Hyundai Motor's market capitalisation was ₩78.5 trillion at Thursday's close. Third-quarter production will now ramp toward normal utilization levels, supporting September and October export shipments. The company operates plants in Korea, Czech Republic, Turkey, China and the United States.
Korean motor-industry strikes have shifted from political protest toward compensation architecture, reflecting labour's focus on wage participation in rising profits.
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| Symbol | Last Price |
|---|---|
| 005380HYUNDAI MOTOR CO | ₩383,500 +0.0% |