Wtaf? I’m going to Korea to work for sk hynix.
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thats a lot of wons
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I’m assuming there’s some sort of currency mis-calculation here.
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Doesn’t look like?
The AI chip supercycle is generating such extraordinary profits at South Korea’s two largest memory manufacturers that individual employee bonuses at SK hynix could average roughly 700 million won ($477,000) this year, and almost $900,000 next year, according to Korea JoongAng Daily. Samsung Electronics’ labor union, meanwhile, has threatened a general strike from May 21st to June 7th after rejecting management’s compensation offer.
But also looks like SK hynix is more profitable than e.g. Google right now:
SK hynix agreed last September to remove its previous bonus cap and allocate 10% of annual operating profit directly to employees as performance-based payouts. With analyst forecasts of some 250 trillion won ($169 billion) in operating profit for 2026, the resulting bonus pool of 25 trillion won would be split among roughly 35,000 workers. It’s understood that the company already paid profit-sharing bonuses averaging about 140 million won (roughly $95,000) per employee in February.
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and almost doubled to $900,000 next year. Furthermore, these bonuses are guaranteed for the next ten years.
wtf? how can they guarantee nearly $1million bonus each year for the next 10 years? like really, each worker is going to get $9m over the next 10 years?!
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Sounds like it is worth applying to 
OK. Bye guys. See you on KoreanFIREMustacianPost!
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That’s just how crazed and bottlenecked the AI mania is.
Also an example of what can happen when profits are shared with the employees and unions are strong (within proportions, we wouldn’t be talking hundreds of Ks for most sectors).
Maybe some reporting error? In the linked article it seems to only talk about percentages of profits.