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


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)