Shareholder Group Files Complaint Against Labor Minister and Samsung, SK Hynix CEOs over Performance Bonuses

The Korea Shareholders Movement Headquarters, a shareholder advocacy group, has filed complaints with investigative authorities against Employment and Labor Minister Kim Young-hoon and the CEOs of Samsung Electronics and SK Hynix, claiming that performance bonuses are not subject to collective bargaining.

Today (July 22), the group filed a complaint with the Corruption Investigation Office for High-Ranking Officials against Minister Kim on charges of abuse of power and coercion. It also filed complaints with the National Office of Investigation against Samsung Electronics CEOs Jun Young-hyun and Roh Tae-moon, as well as SK Hynix CEO Kwak Noh-jung, on charges including breach of trust under the Act on the Aggravated Punishment, etc. of Specific Economic Crimes.

The group argued that performance bonuses are not subject to collective bargaining or labor disputes, yet Minister Kim led an agreement between labor and management at Samsung Electronics, while the CEOs of the two companies yielded to demands for performance bonuses, creating a structure that leaks corporate assets.
※ Please note: This article was translated by AI and may contain errors.