SK Hynix union re-votes to approve salary agreement

Yonhap News Agency cited anonymous industry sources in reporting that SK Hynix's labor union voted to approve a revised wage and collective bargaining agreement reached with management. In this revote, the revised agreement received 57.08% approval. The new agreement raises the cash portion of profit sharing from 40% to 50%, and lowers the equity portion from 60% to 50%.