Seoul, Sept. 11 -- Hyundai Motor reached an agreement with its union in Korea to distribute over 2 trillion won ($1.80 billion) in bonuses in 2025, even as the automaker faces growing challenges from high U.S. tariffs, as per a report by Pulse, the English service of Maeil Business Newspaper Korea.

According to the deal, announced on Wednesday, the Korean employees will receive a 100,000 won (USD 71.95) base wage increase, performance bonuses equivalent to 450 per cent of base pay plus a 15.8 million won (USD 11,117.48) lump sum, and 30 Hyundai Motor shares (10 common and 20 preferred). With an average base wage of 4 million won (USD 2,880), each employee is expected to take home about 40 million won (USD 28,800) in incentives, with the ...