Renault Korea said on the 8th that it held a "2026 wage and collective bargaining signing ceremony" at its Busan plant.

Nicolas Paris (left), Renault Korea president, and Park Jong-gyu, head of the labor union, pose after signing the agreement at the 2026 wage and collective bargaining signing ceremony at the Busan plant on the 8th. /Courtesy of Renault Korea

Renault Korea labor and management earlier reached a tentative agreement after 15 rounds of talks over about four months, starting with a kickoff meeting on Apr. 27, calling for a 51,000 won increase in base pay and a total of 2.5 million won in one-time payments including an incentive. The agreement passed with a 50.1% approval rate at a general meeting of employees held on the 26th of last month.

With the wage and collective agreement concluded, Renault Korea plans to focus companywide capabilities on improving performance and successfully advancing new projects.

It will also step up customer benefits and new car marketing to boost domestic sales. Starting this month, it is offering a free warranty extension of up to seven years or 140,000 kilometers to customers who purchase the Filante and the 2027 Grand Koleos, and it unveiled a limited-edition Grand Koleos model, "Etoile."

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