From the Korea Times:
Unionized metal workers ended their weeklong strike yesterday after management agreed to increase minimum wages and consult with labor before making any decisions that could affect job security.
In their 10th round of meetings, the Korean Metal Workers' Union and representatives of industry management agreed to set this year's minimum monthly wage at 900,000 won ($985), an 8 percent increase from last year. The new wage applies to all employees, including temporary and migrant workers.
The KMWU had originally demanded 936,000 won, which is about half the average wage of the entire industry workforce.
The management also agreed that companies would notify labor unions about plans for mergers, divestitures or disposals at least 70 days before execution and seek the union's consent.
The companies also promised to provide fair terms to subcontracting firms.
Under the accord, the two sides will also set up a joint committee on securing employment within the metal industry.