Hyundai union rejects latest pay deal, Kia union votes in favour of strikes

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Corporate developments

Hyundai’s offers comprise USD67.2 increase in basic monthly wages per employee, bonuses worth USD1,702, 300% of monthly salary as additional bonus

The labour union representing South Korean workforce at Hyundai Motor has rejected the automaker's latest pay offer and appears to be no nearer to reaching agreement as the 25th round of negotiations starts, reports local news publication Korea JoongAng Daily.

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