South Korea Chip Bonuses Put Central Bank on Inflation Watch - Internewscast Journal

South Korea's central bank cautioned that unusually large bonuses in the technology sector could fuel inflation as wage gains spread. In a June 17 report, the Bank of Korea noted that inflation this year is driven in part by higher energy prices linked to the Iran conflict, but warned that exceptional performance bonuses could lift broader wages. Prominent payouts at chip-related firms SK Hynix and Samsung Electronics were highlighted; SK Hynix earmarked 10% of operating profit for worker bonuses, while Samsung reportedly allocated 10.5% of semiconductor operating profit. A memory-chip worker with an 80 million won base salary could receive about 626 million won in bonuses this year.