Hyundai Motor Co and its South Korean union reached a tentative wage...
FILE PHOTO: The logo of Hyundai Motor is seen during the 2017 Seoul Motor Show in Goyang, South Korea, March 31, 2017. REUTERS/Kim Hong-Ji
The union took into account “the uncertain political and economic situation” stemming from a U.S.-China trade dispute and South Korea’s spat with Japan, it said in a statement. The U.S.-China trade war meanwhile is playing havoc with global supply lines and markets that are vital to South Korea’s major exporters including tech giants and carmakers.
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