SK hynix employees to get largest-ever performance bonuses this week after chipmaker's record-setting year

SK hynix will pay its largest-ever performance bonuses to employees after having set this year’s profit-sharing (PS) payout rate at 2,964 percent, according to industry sources on Wednesday.

2026-02-04

Year-end bonuses at chip, shipbuilding firms to soar while battery companies scale back

Korea’s year-end corporate bonuses in 2025 are diverging sharply, with firms in semiconductors, power equipment and shipbuilding preparing record payouts while companies in petrochemicals and batteries scale back amid prolonged downturns.

2026-01-02

11th-hour deal keeps trains running as rail workers' union, Finance Ministry come to agreement

A nationwide rail workers' strike was averted on Tuesday after the Ministry of Economy and Finance approved a plan to raise performance-based bonuses for the Korea Railroad Corporation, effectively ending the standoff without service disruptions.

2025-12-23

SK hynix strikes deal with workers on wage increase, bonus cap removal

After a three-month standoff, SK hynix's labor and management have reached a wage agreement, with the key terms including a 6 percent wage increase and the removal of the cap on performance-based bonuses (PS).

2025-09-04

Chasing bonuses won't bring happiness, SK chief worth $1.3 billion tells employees amid labor dispute

SK Group Chairman Chey Tae-won told employees that chasing ever-higher bonuses will not lead to lasting satisfaction, apparently addressing the ongoing conflict at SK hynix over performance pay.

2025-08-21

Finance group earnings at record as household credit rises

Financial groups in Korea achieved record profits in 2021, according to consensus estimates.

2022-02-07