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Market Chatter: SK Hynix Approves Proposal for Preliminary Wage Deal With 60% of Bonuses in Stock

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SK Hynix (KRX:000660) has approved a preliminary wage agreement proposal to pay 60% of the current year's employee bonuses in shares and the remaining 40% in cash, Reuters reported Thursday, citing people familiar with the matter.

The proposal, currently under discussion with union delegates, is a shift from the earlier bonus payment plan, which proposed payments of more than half of the bonuses in stock.

SK Hynix did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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