Urgent.News

What's breaking now, across thousands of outlets.

Editions

More in Business

SK hynix Tentatively Pays Majority Bonus in Treasury Shares

Labor and management at SK hynix have prepared a tentative agreement for the wage and collective bargaining agreement, which includes paying 60% of the profit-sharing (PS) in treasury shares.

  • SK hynix agrees to pay 60% of profit-sharing in treasury shares.
  • Executives and employees to receive average 420 million won in shares.
  • Company aims to align interests long-term with stock-based compensation.

More from Thursday 20 August →