Samsung Electronics to Pay 'First Half Performance Bonus' Equal to 100% of Base Salary to Memory and Home Appliance Divisions

[Image source=Yonhap News]

[Asia Economy Reporter Jeong Hyunjin] Samsung Electronics has decided to pay performance bonuses equivalent to 100% of the base salary to employees in related business units due to strong performance in the memory semiconductor and consumer electronics sectors in the first half of this year.

On the 5th, Samsung Electronics announced the payment rate of the "Target Achievement Incentive (TAI)" for the first half of this year through its internal network. TAI is one of Samsung Electronics' performance bonus systems, which is paid twice a year based on the performance of each business unit, combining the evaluation of the affiliated business division and the business unit, with a differential payment of up to 100% of the monthly base salary.

The DS Division's Memory Business Unit, CE Division's Home Appliances and Visual Display Business Units, and IM Division's Network Business Unit are reported to receive 100% of their base salary. The DS Division's Foundry (contract manufacturing) Business Unit and System LSI Business Unit, as well as the IM Division's Wireless Business Unit producing smartphones, are said to receive around 75%.

The TAI announced on this day is scheduled to be paid on the 8th.

Samsung Electronics' performance bonus system is divided into TAI, paid twice a year, and the Over-Profit Incentive (OPI), paid once a year. OPI is paid once annually up to 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.

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