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Industry

Korean chipmakers\' performance pay disputes spread to Taiwan and U.S., raising questions over global compensation standards

Performance pay disputes at South Korean chipmakers are spreading to Taiwan and the United States, with talks at SK hynix and Samsung Electronics shared among overseas engineers. The developments have prompted rivals including TSMC and Micron to lift compensation and expand bonuses and stock rewards. In Taiwan, dissatisfaction over opaque bonus criteria has grown despite strong AI-driven profits. In the United States, competition is widening as big tech draws manufacturing talent with stock-based pay.

Games & Commerce

Wemade union formed, seeks job security

A KCTU-affiliated labour union has been formed at South Korean game company Wemade ahead of a planned change in its largest shareholder. The union said it will prepare for collective bargaining, seeking job security, improved working conditions and the continuation of key businesses. It cited growing anxiety among employees as Chairman Park Kwan-ho sells his entire stake. The union also raised concerns about management uncertainty linked to performance and WEMIX issues.

Games & Commerce

Kakao former CEO Im Ji-hoon sues Kakao Ventures and founder Kim Bum-soo over performance fee dispute

Former Kakao CEO Im Ji-hoon said on Sept. 16 he has filed a lawsuit against Kakao Ventures and Kakao founder Kim Bum-soo over a performance fee contract for the Kakao Youth Startup Fund. Im said his share was set at 60 percent but was later reduced to 22 percent after Kim requested an adjustment when Im became Kakao CEO. He said Kakao Ventures later confirmed it would pay him his calculated performance fee.