{
  "id": 7741653,
  "title": "South Korea’s SK Hynix union approves tentative wage deal with management",
  "url": "https://urgent.news/2026/09/16/south-koreas-sk-hynix-union-approves-tentative-wage-deal-with-7741653",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-16T03:05:48.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/south-koreas-sk-hynix-union-approves-tentative-wage-deal-management"
  },
  "original_language": "en",
  "account": "South Korean chipmaker SK Hynix and its workers' union have reached a tentative wage agreement, ending a prolonged dispute. The agreement, approved by 57.1% of voting union members, will increase the proportion of profit-sharing bonuses paid in cash from 40% to 50%. The remaining 50% will be paid in company shares, which workers can opt to convert into shares in increments of 10 percentage points. The new deal also includes a wage-deferral mechanism for times of losses, reflecting a shared responsibility between labor and management.",
  "summary": "This raises share of profit-sharing bonuses paid in cash to 50%, up from 40% set in an earlier deal",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "South Korea's SK Hynix union approves tentative wage deal with management, source says",
        "url": "https://urgent.news/2026/09/16/south-koreas-sk-hynix-union-approves-tentative-wage-deal-with",
        "published": "2026-09-16T00:39:00.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "South Korea's SK Hynix union approves tentative wage deal with management, source says",
        "url": "https://urgent.news/2026/09/16/south-koreas-sk-hynix-union-approves-tentative-wage-deal-with-7732744",
        "published": "2026-09-16T06:10:21.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}