Complaints about SK Hynix incentives… Choi Tae-won “I will return my salary”

Taewon Choi, Chairman of SK Group © News1-SK Group Chairman Choi Tae-won said, “I will return my salary and communicate” regarding the recent controversy over incentives within SK Hynix.

On the 1st, Chairman Choi visited the completion ceremony of the new memory semiconductor production line’M16′ held at SK Hynix headquarters in Icheon-si, Gyeonggi-do, and confronted SK Hynix union members protesting against bonuses.

This year, SK Hynix has set a PS equivalent to ‘20% of annual salary (400% of basic salary)’. However, there are complaints inside Hynix saying that the PS remains the same even though last year’s operating profit increased 18.2% from 2019. It is less than that of Samsung Electronics’ semiconductor division, which pays 47% of its annual salary. In this process, an employee, known for four years, sent an e-mail to all 28,000 employees, including Hynix CEO Lee Seok-hee, to protest.

On the other hand, the company said, “In 2019, due to poor performance, we paid special incentives instead of PS, but we did not reduce the size of PS compared to performance.” According to the employees at the site, Chairman Choi brought up an unscheduled controversy over performance pay at the completion ceremony congratulatory speech and said, “I couldn’t count the pain of (employees). I am also sorry for the lack of communication. “I hope that the hard work of those who have struggled for the M16 will not be undermined too much because of the internal pain of Hynix.” On this day, in particular, Chairman Choi said, “I will return the salary I received from Hynix,” and gathered a lot of attention among the members of the company. As of 2019, Chairman Choi received about 3 billion won in salary and bonuses combined. An official said, “It was difficult to imagine in the past that an employee-level employee sent a complaint e-mail to the CEO and complained about compensation.” In addition, the chairman responded to such a request that he would return his salary directly in the field. It is unusual,” he said.

Reporter Hong Seok-ho [email protected]