Court Ruling on Ordinary Wages ‘Credit Positive’ for Hyundai Motor: Moody’s

 “The South Korean court’s ruling on ordinary salaries for employees of Hyundai Motor Co. is credit positive for the automaker.” “According to the ruling, the majority of Hyundai Motor’s workers will not be entitled to the bonus payment or receive regular bonuses as part of ordinary salaries. Given this situation, any future increase in wages [...]