GM Korea reaches first auto wage deal of the year

GM Korea became the first automaker to reach a tentative wage agreement this year, easing immediate strike concerns as labor disputes intensify across South Korea's auto industry.

The company said Thursday that management and its labor union reached a tentative wage and collective bargaining agreement Wednesday after 17 rounds of negotiations.

The proposed deal includes a monthly base salary increase of 92,000 won ($63) and a 15 million won performance bonus.

GM Korea also pledged to make every ...