After 24 rounds of striking since July and threats from South Korea’s government to intervene, a tentative wage agreement was reached today between Hyundai Motor and the union that represents 50,000 of its workers. The union had rejected the automaker's wage proposal in August, arguing that it was worse than the previous year’s deal. The strike has had a significant impact on Hyundai Motor’s domestic production -- 131,851 vehicles were prevented from being produced, an equivalent of $2.6 billion USD. Under the new agreement, each worker will receive a one-time payment of 3.3 million won, bonus and incentive payments, shares of Hyundai stock, in addition to a monthly pay increase.
See "Hyundai Motor reaches tentative wage deal with South Korean union", Hyunjoo Jin, Reuters, October 12, 2016