HMM workers have cancelled a planned strike after reaching a last-minute wage deal, ending a 77-day dispute.

The agreement was achieved after an 18-hour meeting with management, a spokesman for the South Korean liner operator confirmed.

HMM and labour unions representing unionised crew and office employees have agreed to a 7.9% pay increase and incentives of up to 650% of a worker’s monthly salary.

“After productive talks and discussions, both the management and the unions could reach an amicable resolution based on goodwill and mutual understanding,” the spokesman said.