South Korean City Approves Low-Wage Carmaking JV With Hyundai Motor | 4/26/2017 | Staff
jenn1020jenn1020 (Posted by) Level 3
SEOUL (Reuters) – A council in the South Korean city of Gwangju on Wednesday approved a low-wage carmaking joint venture with Hyundai Motor, an official at the council said.

The automaker and the southwestern city of Gwangju reached a preliminary deal early in December for the joint venture that included an annual wage of 35 million won ($31,345.72) for its employees, which is less than half the average 92 million won that...
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