Profit-Linked Bonus Demands Expand Beyond Chip Industry in South Korea

Profit-linked bonus demands ripple beyond chips in Korea

Demands to tie performance bonuses to a fixed percentage of operating profit are spreading from Korea's semiconductor industry into autos, telecom and internet platforms. The union at Kakao, the country's dominant messaging platform, became the latest to seek such a payout Sunday, filing for state mediation after wage talks stalled. The filing with the Gyeonggi Regional Labor Relations Commission was reportedly joined by units at Kakao Pay, Kakao Enterprise and a fourth affiliate. The union did

By The Korea Herald