Kia union approves tentative 2022 wage deal amid chip shortage

Kia's 30,000-strong union tentatively accepted the company's proposals, including a 98,000 won (US$68) increase in basic monthly pay, three months of performance-based pay, 5.5 million won in cash, 250,000 won in a gift certificate per person and 49 Kia stocks, the company said in a statement.