Hyundai Motor's union members have voted on a proposed wage agreement at the company's Ulsan factory, marking the sixth consecutive year of reaching a wage deal without a strike. The agreement includes the highest wage increase in the company's history, with a 4.65 percent rise in basic monthly pay, a one-time performance-based bonus equivalent to 500 percent of the basic monthly salary plus 18 million won, and the allocation of 25 shares to each employee. Additionally, the company has agreed to extend the maximum reemployment period for retired skilled workers to two years from the current one year. The union confirmed its acceptance of the tentative wage deal, averting the planned strike just two days before its scheduled occurrence. The agreement was reached following the management's concession to the highest-ever wage increase and the extension of the reemployment program for skilled retired workers. Both parties are set to hold a signing ceremony for the wage deal on Monday, emphasizing their commitment to fulfilling their societal responsibilities and working together for a better future.