Parental leave falls at Samsung, SK hynix as hefty bonuses loom
Samsung Electronics and SK hynix both saw their parental leave rates decline in the first half of this year, marking the first time the two companies have recorded simultaneous declines, as expectations for hefty performance-based bonuses grow amid a semiconductor boom. The decline comes as both companies are expected to post record-high profits this year, with employees potentially eligible for…
The Korea Times reports that both Samsung Electronics and SK hynix have seen a decline in their parental leave rates in the first half of this year, marking the first time both companies have recorded simultaneous declines. This downturn is attributed to the expectation of hefty performance-based bonuses as the semiconductor industry experiences a boom driven by artificial intelligence (AI)-driven demand for memory chips.
Both companies are projected to report record-high profits this year, potentially leading to bonuses worth hundreds of millions of won for eligible employees. In Samsung's case, the parental leave rate among employees with children born during the year dropped to 35.5 percent, down from 36.2 percent a year earlier, with both men and women seeing a decrease.
Similarly, SK hynix reported a decline in the parental leave rate among employees with children of elementary school age or younger, falling to 3.2 percent.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Parental leave falls at Samsung, SK hynix as hefty bonuses loom koreatimes.co.kr
