Overview
- Union delegates approved the agreement with a record 95.4% vote, with a formal signing scheduled for Friday.
- The package includes a 6% base pay increase and an 80/20 bonus schedule that defers the remaining 20% over the next two years.
- Management and the union committed to keep the compensation framework in place for a decade to stabilize future bargaining.
- Analysts project about 37 trillion won in operating profit this year, implying a roughly 3.7 trillion won pool and near 100 million won per employee on average, subject to actual results.
- The deal capped three months of contentious talks that produced SK hynix’s first full-scale union protest and has prompted wider calls for incentive reform across major firms.