Kia Motors Corp., South Korea's second-largest carmaker, said Wednesday that it has tentatively reached a wage deal for this year.

Under the deal, the carmaker offered to raise workers' basic monthly wage by 45,000 won ($40) and provide bonuses worth 250 percent of basic pay plus 2.8 million won in extra compensation.

Kia Motors' 28,800-strong union is set to vote Monday on whether to accept the tentative agreement.

The maker of the K5 sedan and the Soul boxcar sold 1.62 million cars in the January-July period, up 4.5 percent from the same period a year earlier. (Yonhap)