Hyundai Motor, after three days of partial strikes, 2,000faces concerns over sales losses in the hundreds of billions of won.

Hyundai Motor announced that 13partial strikes related to collective bargaining for one day halted part of automobile manufacturing, maintenance, and sales at all of its workplaces, including the Ulsan plant, for three days, 2,000raising concerns over sales losses in the hundreds of billions of won.

The disclosure said that some production lines and maintenance and sales activities would be suspended. It did not separately disclose which vehicle models' production had stopped or the scope of the service network affected.

During the trading session on 13the day the disclosure was released, Hyundai Motor's stock price fell by 3%. Additional market reaction, including trading volume, can be checked in the daily report released after the market close.

The company specified this partial strike as a matter related to collective bargaining. In the disclosure, it presented an estimated loss amount, but said it would disclose the final cost and the timing of recognition of profits and losses at a later date.

What stands out in this matter is that the company said it affects all worksites, including the Ulsan plant. If there are additional disclosures, the company plans to notify investors in accordance with the prescribed procedures.

The information disclosed so far is 13the full disclosure filed on that date. Until the company releases additional details and corrective measures, the current situation should be judged based on the disclosure standards.