South Korea is grappling with growing social and industrial tensions after authorities detained hundreds of workers at Hyundai Motor Group facilities. The detentions occurred amid escalating disputes over labor practices and restructuring plans at the country’s largest automaker. While Hyundai has recently achieved strong financial results—including record first-quarter revenue driven by robust US sales—the company’s domestic operations are facing scrutiny. Its strategic moves in the American market, such as cutting vehicle prices while competitors raise them due to new import tariffs, have drawn attention. Additionally, Hyundai advanced its electric vehicle ambitions through a $4.3 billion joint venture with LG Energy Solution to build a battery plant in Savannah, Georgia, positioning itself to qualify for US tax incentives. Despite these international strides, internal challenges persist, including workforce dissatisfaction and concerns over corporate governance. The situation underscores the delicate balance between global expansion and domestic labor stability.
— news from KED Global
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S.Korea rattled by detention of hundreds of workers at Hyundai
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