SK Hynix wage talks loom, employees demand “mortgage loans of 5hundred million won”

SK Hynix’s union is seeking2026an expansion of housing stabilization funds in wage negotiations set to begin next month. The proposal reportedly includes expanded housing loans of up to hundred million won, matching Samsung Electronics’ agreement.5The company and the union are preparing to negotiate, with this issue as a major point of contention.

Samsung Electronics recently agreed in wage negotiations to provide employees without homes with housing stabilization funds at an annual interest rate of 1.5%, up to 5hundred million won. Samsung Electronics also finalized a compensation package that includes a special management performance bonus. This case has emerged as a new benchmark for wage negotiations at major South Korean companies.

Since last year, SK Hynix has operated a performance bonus system based on a percentage of operating profit. Separately from the bonus system, the union is seeking expanded housing support and benefits. The company is coordinating the schedule and key issues for labor-management negotiations.

The semiconductor industry’s two leading companies continue to see their compensation and benefits practices compared. Calls to expand workplace housing support are also affecting labor-management negotiations at other major companies. The approaches to labor-management agreements and the terms of support differ from company to company.

Labor and management are expected to negotiate mainly on wages and benefits. The start of negotiations is reportedly as early as 6month.