[South Korea’s SK Hynix Union Rejects Wage Agreement, With More Than Half of Employees Voting Against It]

Published: Aug 25, 2026 11:58

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According to a person familiar with the matter, union members at South Korean chipmaker SK Hynix on Tuesday rejected a tentative wage agreement, with more than 50% of voting employees opposing the deal. Of the 15,045 employees who participated in the vote, 50.08% voted against it. The agreement, reached last week, included a 6.3% pay raise and revisions to SK Hynix’s profit-sharing bonus scheme, under which 40% of the bonus would be paid in cash and 60% in company stock. As the world’s second-largest memory chipmaker, SK Hynix has been benefiting from a surge in demand for high-bandwidth memory (HBM) chips driven by artificial intelligence applications, delivering strong profit performance.

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