Complaints over Samsung, SK hynix wage deals assigned to Gyeonggi Nambu police
SEOUL, Aug. 5 (Yonhap) -- A minority shareholder rights group said Wednesday its...
A minority shareholder rights group has accused Samsung Electronics and SK hynix CEOs of breach of trust in wage deals, with their complaints now in the hands of a regional police agency near Seoul. The Korea Shareholders Movement Headquarters lodged their grievances with the National Office of Investigation on July 22, claiming that performance bonuses funded by the companies' profits are not subject to collective bargaining.
The group argues that Samsung CEO Jeon Young-hyun and Roh Tae-moon, along with SK hynix CEO Kwak Noh-jung, established a mechanism to divert corporate assets through performance bonus demands without a thorough review of the labor-management agreement. Under the May wage agreement, Samsung promised a 10.5 percent special semiconductor performance bonus based on business earnings, while SK hynix allocates 10 percent of its semiconductor division's operating profit to employee bonuses.
Written by urgent.news from Yonhap News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
