Samsung Electronics to Pay 100% Performance Bonus on Base Salary for Semiconductor and Home Appliance Employees

[Asia Economy Reporter Kang Nahum] Samsung Electronics has decided to pay performance bonuses equivalent to 100% of the base salary to employees in its affiliated business units, following strong performance in the semiconductor and consumer electronics sectors in the second half of this year.

On the 21st, Samsung Electronics announced the payment rate for the second half of this year's "Target Achievement Incentive (TAI)" through its internal network.

TAI is one of Samsung Electronics' performance bonus systems, paid once each in the first and second half of the year based on performance. It is distributed differentially up to a maximum of 100% of the monthly base salary by combining evaluations of the affiliated business sector and business unit.

The three business units in the semiconductor (DS) division?Memory, Foundry (contract manufacturing), and System LSI?and the consumer electronics (CE) division's Home Appliances and Visual Display business units are reported to have been notified that they will each receive 100% of their base salary.

The IT & Mobile (IM) division's Wireless Business Unit and Network Business Unit, responsible for smartphones and 5G technology, were reportedly notified of a payment rate of 75%.

The TAI announced on this day is scheduled to be paid on the 24th.

Earlier, on the 18th, Samsung Electronics also notified employees of the expected payment rate for another performance bonus called the "Overall Performance Incentive (OPI)."

OPI is paid once a year up to a maximum of 50% of the individual's annual salary within a 20% limit of the excess profit when the affiliated business unit's performance exceeds the target set at the beginning of the year.

The DS division business units such as Memory, Foundry (contract manufacturing), and System LSI are expected to receive between 43% and 46% of the annual salary, the Wireless Business Unit between 41% and 47%, and the Home Appliances division between 28% and 34%. The company plans to finalize the OPI payment rate by the end of next month and pay it to employees.

This content was produced with the assistance of AI translation services.