SK hynix is overhauling its bonus payment system after employees expressed their dissatisfaction with incentive pay for 2020.
Chip engineers at Samsung Electronics and other major corporations have joined the protest against the annual bonus system after a rift at SK hynix erupted over the issue.
At an event celebrating the completion of SK hynix’s new chip plant on Monday, SK Chairman Chey Tae-won vowed to donate some of his annual salary to employees at the chipmaker.
A bird's-eye view of SK hynix's M16 plant in Icheon, Gyeonggi. The chipmaker completed the construction of the new plant on Tuesday.
Chipmaker SK hynix’s net profit for 2020 outpaced analyst expectations to grow more than twofold on year to 4.75 trillion won ($4.24 billion), the company reported Friday.
Financial Services Commission Chairman Eun Sung-soo, far right, tours the SK hynix plant in Icheon, Gyeonggi, on Tuesday, along with the heads of state-run banks.
Korean chipmakers Samsung Electronics and SK hynix both hit record highs on the Kospi market on Wednesday as demand for semiconductor products — especially dynamic-random access memory (DRAM) — is expected to continue to rise next year.
SK hynix has begun providing samples of its 176-layer 4D NAND Flash chip, the semiconductor manufacturer said Monday, as it prepares to roll out the highest stacked NAND memory chip on the market.
SK Holdings promoted two CEOs — from SK Telecom and energy affiliate SK E&S — to vice chairmen and revamped the structure of its top decision-making body to attach more focus to environmental and social responsibility.
The Kospi index notched a fresh all-time high on Thursday supported by strong gains in chipmakers Samsung Electronics and SK hynix and major tech companies.