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SK Hynix Set to Pay $2.7 Billion Bonuses to Quell Labor Tensions

SK Hynix Inc.’s labor union approved a landmark agreement that could see each employee on average receiving about $80,000 bonus for 2025 alone, averting a strike and potentially setting a precedent for South Korea’s tech industry.The labor union on Thursday voted to accept the deal, which allocates 10% of the company’s annual operating profit to a bonus pool for its 33,625 employees — a key demand from the union. Based on analysts’ projections for SK Hynix’s profit this year, the agreement — whi...

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