Kia Motors says expects to pay about 1 trillion won due to wage ruling

Reuters

Updated 31 August 2017 at 2:01 am

SEOUL (Reuters) - South Korea's Kia Motors said on Thursday it expected to pay about 1 trillion won ($887.11 million) in back-pay to its workers after it lost a wage dispute in court, and the impact would be reflected in its third-quarter results.

The Seoul Central District Court earlier on Thursday ordered the automaker to make up about 420 billion won in unpaid wages, but Kia said in a regulatory filing the total cost would be more like 1 trillion won once all wages were adjusted.

(Reporting by Joyce Lee; Editing by Stephen Coates)

Cosmo
Sabrina Carpenter looks practically naked in completely see-through lace mini dress
Sabrina Carpenter went braless wearing the Mirror Palais Anemone Dress in butter featuring illusion tulle adorned with lace appliqués along the neckline and hem
2 days ago
Yahoo Finance AU
$500 cost of living payment coming for thousands of Aussie households
Eligible homes can get this lump sum payment as well as a $180 rebate to go towards their electricity bill.
2 days ago
Yahoo News Australia
Bizarre Westfield car park scene baffles Aussies: 'Menace to society'
Shoppers got a surprise when arriving at the car park to discover the spaces were taken, but not by cars. Find out what happened.
2 days ago
CNN
Secret Service says agent on Harris’ detail was removed from assignment after distressing behavior
A Secret Service agent assigned to Vice President Kamala Harris’ detail was removed from their assignment after displaying behavior that colleagues found “distressing,” the agency said.
23 hours ago
Cosmo
Kylie Jenner just revived the naked brow trend and she looks like a woodland fairy
Kylie Jenner shares Instagram selfies of her new bleached eyebrow look for 2024. She looks so different, with the ash-blonde look.
15 hours ago
HuffPost
Ex-Trump Lawyer Spots Donald Trump’s ‘Big Mistake’ That Will ‘Make His Campaign Cringe’
“That just brings back all those bad memories about that issue," Jim Schultz told CNN's Jake Tapper.
18 hours ago
HuffPost
Social Media Reacts To Donald Trump's Courthouse Birthday Greeting To His Wife
"It would be nice to be with her, but I’m at a courthouse for a rigged trial," the former president said of Melania Trump.
5 hours ago
Yahoo Sport Australia
NRL world slams the Rabbitohs over 'awful' move in Anzac Day defeat to the Storm
The decision has drawn serious backlash from the NRL community.
a day ago
InStyle
Jennifer Lopez Won't Stop Wearing These Divisive Jeans
She's been spotted in them three times in the last two weeks.
a day ago
NCA NewsWire
Lehrmann to pay Lisa’s husband $4k
After losing his defamation case to Network 10 and Lisa Wilkinson, Bruce Lehrmann has also agreed to pay the legal costs of the journalist’s husband, Peter FitzSimons.
21 hours ago
Yahoo News Australia
RAM driver's 'passive aggressive' note to motorist parked outside home
The motorist hadn't parked over the resident's driveway but returned to find a 'confusing' note on his car. Do you think it was justified?
2 days ago
HuffPost
Trump Lawyer Argues He Could Legally Order Assassination Of Political Rival
"I'm trying to understand what the disincentive is from turning the Oval Office into the seat of criminal activity in this country," Supreme Court Justice Ketanji Brown Jackson said.
a day ago
Yahoo News Australia
Woman's message to Aussie men after disturbing incident in David Jones: 'This is it'
The shopper was minding her own business when she spotted a man following another woman around the store taking photos of her.
2 days ago
Evening Standard
Putin army 'accelerating' advance to break Ukraine defensive line despite heavy losses, say UK defence chiefs
Ministry of Defence in London said Russian units had seized ‘several small settlements’ in the Donetsk province
14 hours ago
HuffPost
Nicolle Wallace Shreds Trump Effect With 7 Scathing Words And A 'Pecker' Zing
Former GOP leader Michael Steele agreed and explained why the hush money trial could be the most important one facing the former president.
2 days ago
Yahoo Lifestyle
Neighbours star Scarlet Vas reveals she's making a fortune using OnlyFans with stepbrother/husband
The former actress is earning up to $200k a month making content on the adult platform, sometimes featuring her husband Tayo Ricci. Read more.
a day ago
HuffPost
Harvard Law Professor Offers Scathing Summary Of SCOTUS-Trump Arguments
Laurence Tribe pulled no punches over what he described as a “shameful performance by the court.”
15 hours ago
Yahoo Sport Australia
Andrew Johns lets rip at Taane Milne's 'woeful' act on Cameron Munster as NRL fans rage
Andrew Johns and Cameron Smith were left fuming at the Rabbitohs winger. Find out more here.
a day ago
Yahoo Sport Australia
Blake Ferguson dealt fresh blow in bid for NRL return just one game into new contract
The former NRL player is again without a club.
2 days ago
The Daily Beast
Judge Upholds Trump’s $83 Million Defamation Verdict
Reuters/Brendan McDermidA federal judge in New York upheld a defamation verdict against Donald Trump, keeping him on the hook for the $83 million he owes E. Jean Carroll, the writer who accused him of sexual assault.Trump had motioned to receive a new trial, but Judge Lewis Kaplan rebuffed that effort, determining nothing was wrong with the first one that ruled against him.The decision affirms that Carroll suffered harm from Trump publicly railing against her in 2019, as she went public with her
a day ago

Latest stories