LS Electric succeeded in reaching a non-negotiation agreement on the ‘2026 Wage and Collective Agreement’ for the second year in a row, following last year. LS Electric announced on the 12th that it held a ‘Wage and Collective Agreement Delegation and Worker-Management Coexistence Agreement Ceremony commemorating the achievement of $1.2 billion in exports’ at LS Yongsan Tower in Yongsan-gu, Seoul on the 10th of this month with the attendance of Chairman Koo Ja-gyun, CEO Chae Dae-seok, union chairman Lee Ho-jeong, and worker members of the Labor-Management Council. LS Group uses the expression ‘labor-management’, which means ‘workers and management’, which emphasizes partnership, rather than ‘labor-management’, which means ‘workers and employers’. At the signing ceremony on this day, Chairman Koo promised to continue to make bold investments in future strategic industries, saying, “I am grateful to the LS Electric labor union and all executives and employees who trusted the company and made a great decision this year, just like last year.”