Hyundai Motor Union Starts Three-Day Partial Strike, Concerns Over Production and Sales Impact
Hyundai Motor announced a three-day partial strike by the union starting from 2026 Year 7 Month 13 Day. Some manufacturing, maintenance, and sales operations will be suspended across all its business sites including the Ulsan Plant, and the company has indicated that revenue losses could reach the 2000 billion won range.
Hyundai Motor announced that the union would enter a three-day partial strike starting from 2026 Year 7 Month 13 Day. The company stated that this action is due to difficulties in collective bargaining.
This partial strike will take place in the form of suspending some manufacturing, maintenance, and sales operations across all business sites, including the Ulsan Plant. The announcement specifies a partial suspension of plant operations and sales activities.
According to some reports, it has been mentioned that production could stop at a maximum of 5,000 units due to this strike. The company is currently estimating the scale of the production halt.
Hyundai Motor Company announced that the sales losses due to the strike could reach around 2000 billion won. The specific loss amount requires further verification.
On the stock market, Hyundai's stock price dropped by approximately 3% on the day of the announcement. Trading volume and volatility have increased compared to usual levels.
Some individual investors have reported losses of up to 40% due to this sharp drop. Investor reactions are concentrated in stocks with high individual holdings.
The company stated it would provide additional disclosures and updates on the negotiation process in the future. Investors must verify the progress of negotiations and the timing of production resumption through the disclosures.