| Mobile Web

KT management and union reach pay deal with 3 percent base pay rise and 3 million won lump sum

KT management and its unions have reached a wage and collective bargaining deal after union members approved a tentative agreement. The package includes an average 3 percent rise in base pay and a 3 million won lump-sum payment, with retroactive application from Jan. 1 and payment due on Oct. 23. The deal also changes personnel evaluation grade shares and expands welfare support, including monthly pension-savings contributions and higher medical expense limits.