SK Hynix to Pay Productivity Incentive Bonus Equal to 100% of Base Salary

[Image source=Yonhap News]

[Asia Economy Reporter Park Sun-mi] SK Hynix will pay all employees 100% of their base salary as a Productivity Incentive (PI) next week.

According to industry sources on the 8th, SK Hynix announced to its employees this morning that the PI for the first half of this year will be paid at 100% of the base salary. PI is an incentive given as encouragement based on achieving productivity targets, and can be paid up to 100% of the base salary for both the first and second halves of the year.

SK Hynix plans to complete the payment of the first half PI within next week.

SK Hynix recorded sales of 12.1557 trillion KRW and an operating profit of 2.8596 trillion KRW in the first quarter of this year. Compared to the same period last year, sales increased by 43% and operating profit by 116%, marking the first time sales exceeded 12 trillion KRW in the first quarter. SK Hynix is also scheduled to announce its second quarter business results on the 27th of this month.

Earlier, Samsung Electronics also decided to pay 100% of the base salary as performance bonuses to its semiconductor memory division, system LSI division, and foundry division.

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