Wage Trends by Company and Job Role
POSCO reached a tentative agreement on a 2.6% base salary increase for 2026, wrapping up four months of negotiations. Meanwhile, local governments like Ulsan Buk-gu and Suwon are also finalizing their wage deals with public sector unions.
Wage Trends by Company and Job Role — 2026-11-02
Wage Levels by Key Job Role in Companies
POSCO management and labor reached a tentative agreement on their 2026 wage negotiations, featuring a 2.6% increase in base salary after over four months of talks. This agreement is seen as the final step in resolving what could have been the company's first-ever strike.
In the public sector, Ulsan Buk-gu signed its 2026 wage agreement with the Buk-gu branch of the Korean Public Service and Transport Workers' Union. Suwon also signed its 2026 wage and collective bargaining agreement with its public service workers' union, agreeing to apply increases of 4.1% and 6.2% respectively, depending on the base salary structure.
Wage Fluctuation Status by Job Role
Recent data shows that POSCO finalized its wage adjustments with a 2.6% base pay raise. For Suwon's public service workers, base salaries are divided by job role and grade, resulting in differential hikes of 4.1% and 6.2%.
As for Ulsan Buk-gu's public workers, the exact increase rate was not specified in the original article text, so it is marked as "not specified." However, it was confirmed that the final agreement was reached after seven rounds of negotiations starting in June.
Analysis and Background Issues
POSCO's tentative agreement is analyzed as a move to resolve long-standing labor-management conflict and restore production stability. In the public sector, wage agreement timelines are currently concentrated across local governments, suggesting that negotiation periods and outcomes vary depending on each region's financial situation and labor relations.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
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