KOR
▲ Samsung Electronics and SK Hynix
The Gyeonggi Nambu Provincial Police Agency has launched a full-scale investigation into a shareholder group's criminal complaint against the CEOs of Samsung Electronics and SK Hynix, alleging that performance bonuses are not subject to collective bargaining.
The Korea Shareholder Movement Headquarters announced on August 5 that the complaints accusing Samsung Electronics and SK Hynix CEOs of breach of trust under the Act on the Aggravated Punishment, etc. of Specific Economic Crimes have been assigned to Investigation Divisions 1 and 2 of the Gyeonggi Nambu Provincial Police Agency, respectively.
Previously, on July 22, the group filed a complaint with the National Office of Investigation, claiming that Samsung Electronics CEOs Jun Young-hyun and Roh Tae-moon, and SK Hynix CEO Kwak Noh-jung, failed to thoroughly review labor-management agreements.
The group argued that these companies yielded to labor unions' demands for performance bonuses, creating a structure that leaks corporate assets, and that such actions constitute breach of trust.
The organization has maintained that calculating and allocating a certain percentage of pre-tax operating profit in advance as linked performance bonuses is unlawful, and that the outflow of corporate funds, including performance bonuses, requires a shareholders' meeting resolution and cannot be a subject of autonomous labor-management bargaining.
The group also filed a complaint with the Corruption Investigation Office for High-Ranking Officials last month against Employment and Labor Minister Kim Young-hoon, accusing him of abuse of authority and coercion.
The complaint asks for punishment on the grounds that Minister Kim induced the conclusion of a tentative agreement and failed to prevent a threatened strike at Samsung Electronics last May, despite performance bonuses allegedly not being a subject for negotiation.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.
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