Hyundai Motor enters partial strike, stock price 40% plunge background is
Hyundai Motor’s labor union 2026year 7month 13day entered a partial strike over stalled wage talks. During the same period, IT companies affiliated with Samsung, Hyundai Motor, and Shinsegae formed unions one after another, and Hyundai Motor’s stock price has recently fallen by 40%, bringing individual investors’ losses into focus. CRK, a subsidiary of the Otok Group, appointed Go Jong-won as its new chief executive on 7month 13day.
Hyundai Motor’s stock price fell by 40%. The cause is the partial strike. In this article, you can check why the strike began and how similar disputes are spreading to other companies.
Hyundai Motor began a partial strike on 2026year 7month 13day. Although the union negotiated over wages and working conditions, it could not find common ground.
This dispute is not a story that ends with Hyundai Motor alone. On the previous day, 7month 12day, IT companies affiliated with Samsung, Hyundai Motor, and Shinsegae formed unions one after another. Some reports pointed to concerns about job insecurity as the background to this trend.
The market has already reacted. Hyundai Motor's stock price fell 40%, and it was pointed out that individual investors who entered this range suffered losses.
There is also separate news. CRK, an affiliate of the Otech Group, appointed Vice President Go Jong-won as its new CEO on the same day, 7month 13day. The company said it plans to push ahead with business reorganization and the search for new businesses based on its expertise in refrigeration and air-conditioning and sales.
No official announcement has yet been made regarding additional negotiation schedules on Hyundai Motor's side or whether the strike will be suspended.