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[SK Hynix reached an agreement with the labor union to increase employee cash dividends to 50%] On September 16, SK Hynix reached an agreement with the labor union and agreed to pay half of its profit dividends in cash, eliminating the threat of interruption of production activities of the world's second largest memory chip manufacturer. SK hynix said in a statement on Wednesday that about 57% of the union's members approved the revised salary and collective bargaining agreement. According to the latest agreement, 50% of the profit-sharing bonus will be paid in cash, and the other 50% will be paid in company stock, replacing the previously proposed 40% cash and 60% stock plan.
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