SK HYNIX UNION REJECTS WAGE DEAL WITH SHARE BONUS

The rejected deal represented the chipmaker's latest attempt to resolve compensation disputes with its workforce. Under the proposal, employees would have received both higher salaries and a portion of their bonuses converted into company equity. The union's rejection signals continued friction over compensation structures at the memory chip manufacturer. SK Hynix, a major producer of DRAM and NAND flash memory, has faced ongoing labor negotiations as the company navigates competitive market pressures and production challenges. Share-based compensation remains a contentious issue in South Korean labor agreements, with unions often preferring cash bonuses to equity holdings. The rejection suggests the union wants either higher cash payments or different terms for any equity component. No statement on next steps or the union's specific demands has been released. SK Hynix and its union are expected to resume negotiations.