SK hynix wage talks begin, with union demand for a “housing loan 5billion won” emerging

SK hynix has entered this year’s wage negotiation season. Discussions on wages and benefits between the company and the union are under way. Samsung Electronics wrapped up this year’s wage negotiations after more than 5months of talks.

A call among SK hynix union members to set the housing loan limit at 5billion won has emerged. The union is reported to have put housing-related support forward as a topic for negotiations. The company’s official response has not yet been made public.

It has also been confirmed that the phrase “N% of operating profit as a performance bonus” has been discussed in the industry. The phrase refers to a method of paying a performance bonus equal to a certain percentage of operating profit. Publicly available details on the specific percentage or how it would be applied are limited.

Discussions related to wage negotiations are also continuing at other sites in the electronics and semiconductor industries. At some companies, the negotiation end dates and terms of agreements have been made public. In SK hynix’s case, the union’s demands and the company’s position are expected to be worked out in the negotiations ahead.

The information currently made public consists of some of the demands and facts about trends across the industry. Further negotiation schedules and agreement terms can be confirmed through announcements by the company and the union. Any additional developments are expected to be shared through disclosures or internal notices.