SEOUL, Aug 20 (Reuters) – South Korean chipmaker SK Hynix has agreed to pay 60% of employee bonuses in shares and the remaining 40% in cash under a preliminary wage agreement, a person familiar with the matter told Reuters.
The agreement is subject to approval by union members, the person said.
SK Hynix declined to comment.
Under the scheme, employees would receive shares equivalent to 40% of the total bonus in 2027, while the remaining 20% in stock will be deferred to 2028 and 2029, the source said, adding there were no restrictions on stock sales.
The remaining 40% of the profit-sharing bonus would be paid in cash in 2027, the source said.
(Reporting by Hyunjoo Jin Editing by Ed Davies)
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