Wage agreement

Renault Samsung Motors (RSM) CEO Francois Provost, sixth from left, raises his fist with the firm’s labor union head Goh Yong-hwan, seventh from left and other employees at the automaker’s Busan plant, Thursday, after they signed wage agreements for the year 2012 and 2013. Both sides agreed to freeze the basic salary but increase incentives and bonuses. / Courtesy of RSM