Unions Hyundai Steel deal highlights South Korea’s “obsolete” bonus tradition Labour unions continue to call for traditional performance bonuses, lawyers say iStock.com/Vladimir Zapletin Image Chantelle Cloete Reporter Tuesday 15 April 2025 Hyundai Steel, South Korea’s second-largest steelmaker, has this week reached a tentative deal with labour unions to end a seven-month dispute over pay. Get AccessContinue reading International Employment LawyerAlready have access? Login now Email Enter your email address. Password Enter the password that accompanies your email address. Reset your passwordLog in Need access? Find out how to enjoy unlimited accessGet access You might also like... Working Time What Samsung’s six-day workweek really means for staff Benefits Boeing links bonuses to company-wide performance Benefits Should year-end bonuses be a thing of the past? Remuneration Law firms turn to exceptional and sign-on bonuses to retain and attract top talent