SK hynix union approves revised wage deal

Unionized workers at SK hynix Inc. have approved a revised wage agreement after initially rejecting it three weeks ago. The electronic ballot saw 57.08 percent of union members voting in favor of the new deal. The updated pact increases the cash portion of the company's performance-based incentive, known as profit-sharing, from 40 percent to 50 percent, while decreasing the share portion from 60 percent to 50 percent.

The previous agreement had proposed a 6.3 percent wage increase and a specific payment structure for the incentive, which has been adjusted in the revised agreement.

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