South Korea's SK Hynix union approves tentative wage deal with management, source says
This raises share of profit-sharing bonuses paid in cash to 50%, up from 40% set in an earlier deal
South Korea's SK Hynix union has approved a tentative wage deal with management, ending weeks of uncertainty, according to a source. The revised agreement received 57.1% approval from voting union members, with 8,731 votes in favor. The vote covered production workers at the company's Icheon and Cheongju sites. Under the new deal, profit-sharing bonuses will be paid 50% in cash, up from 40%, while the remaining 50% will be in company shares, down from 60%.
This marks the conclusion of 2026's wage and collective bargaining negotiations for the world's second-largest memory chipmaker.
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