[Edaily Reporter SOYEON KIM ] The revised wage and collective bargaining agreement (CBA) proposal, prepared by SK hynix management and labor following the rejection of the previous tentative agreement, was approved in a re-vote by union members. Three weeks after the initial agreement was rejected, the re-vote paves the way for a final CBA settlement before the Chuseok holiday.

According to SK hynix on the 16th, the SK hynix Full-Time Employees (Production Workers) Union held a general membership vote on the “Motion to Approve the Revised 2026 Wage and Collective Bargaining Agreement” on the 15th and 16th. The revised proposal was ultimately approved, receiving the support of a majority of union members (57.08%, or 8,731 votes).

Following the rejection of the first tentative agreement on the 25th of last month, SK hynix management and the union engaged in intensive negotiations for two weeks and reached a revised agreement on the 9th. The first agreement had been rejected by a margin of just 25 votes.

The core of the revised agreement is the expansion of the option to choose stock as part of the performance bonus. The agreement includes provisions to increase the proportion of cash payments for the Profit Sharing (PS) from 40% to 50% and to reduce the proportion of stock payments from 60% to 50%. Additionally, it allows employees to directly choose the proportion of their performance bonus they wish to receive in company stock, ranging from 50% to a maximum of 100% in 10% increments. The company explained that this move expands employees’ options regarding the method of performance bonus payment.

Analysts attribute the employees’ approval to the adjustments made to the stock allocation ratio and the expanded choice given to employees. A company official stated, “This agreement is highly significant because, despite being rejected once, labor and management worked together to find a solution through voluntary amendments within the existing framework.”

The company explained that the approval was secured as a result of efforts to enhance union members’ understanding of the significance, purpose, and effects of the system changes through approximately 60 employee briefings held during the re-vote process.

It was also decided that the 20% deferred portion of the performance-based pay (PS)—calculated based on last year’s performance and originally scheduled to be paid over the next two years—would be paid in full this year. The company will bear any additional costs incurred due to a rise in the stock price during the stock distribution process.

In addition, the agreement explicitly stipulates that a portion of wages may be deferred if the company faces a net loss. This is seen as a joint declaration by labor and management that they will share responsibility—not only by paying performance bonuses during profitable periods but also by working together to overcome crises during times of loss.

SK hynix plans to hold a signing ceremony for the final agreement before the Chuseok holiday, officially concluding this year’s wage and collective bargaining process.