December 5, 2018 / 8:16 AM / 6 days ago

S.Korea gets conditional nod for carmaking JV with Hyundai - govt official

SEOUL, Dec 5 (Reuters) - South Korea’s local government on Wednesday gained conditional approval from an umbrella labour union and a group of employers for a plan to build a low-cost carmaking joint venture with Hyundai Motor, a government official said.

The plan includes an annual wage of 35 million Korean won ($31,455.02) for workers, the official said. ($1 = 1,112.7000 won) (Reporting by Ju-min Park; Editing by Muralikumar Anantharaman)

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