After months of negotiations, Hyundai Motor Co. Ltd. and its labor union sign a tentative labor agreement, marking the first time in 15 years a deal has been reached without a strike.

The tentative agreement freezes wages at their current level for one year.

The only other wage freeze took place in 1997-1998, when the nation was rocked by the Asian financial crisis.

Rank-and-file workers will vote on the pact at Hyundai facilities Dec. 23.

No details relative to signing bonuses, performance bonuses or other features have been released by Hyundai or the workers union.