Hyundai hit by strikes as 40,000 workers demand pay hike
Hyundai faces its first major wage-related strike in seven years, with 40,000 unionised workers staging partial walkouts at Ulsan, Jeonju and Asan plants. Demands include a 30% bonus from 2024 profits, raising retirement age to 64, and a 4.5-day work week. The strike follows South Korea's new union law boosting worker rights and limiting employer retaliation.