SK Hynix to Pay 1.2 Million KRW 'Crisis Overcoming Encouragement Bonus' to All Employees

[Image source=Yonhap News]

SK Hynix will pay a 'crisis overcoming encouragement bonus' of 1.2 million KRW to all employees.

It is reported that SK Hynix labor and management recently agreed to add the payment of an encouragement bonus under the name of overcoming the crisis to the '2023 wage negotiation tentative agreement.'

Earlier, SK Hynix labor and management tentatively agreed to set this year's salary increase rate at a total of 4.5%, with a plan to retroactively pay the salary increase from January once the quarterly operating profit turns positive.

If the agreement, including the payment of the encouragement bonus, is finally approved in the full-time union vote on the 3rd, SK Hynix's wage negotiations for this year will be completed. In this case, it is reported that all employees except executives will receive 1.2 million KRW around the 10th.

Meanwhile, due to the semiconductor industry downturn, SK Hynix recorded a loss exceeding 6 trillion KRW in the first half of the year. The operating loss in the second quarter was 2.8821 trillion KRW.

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