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Big Firms Sharply Cut Performance Pay, Dividends on Dismal Earnings

Big Firms Sharply Cut Performance Pay, Dividends on Dismal Earnings

SEOUL, Feb. 5 (Korea Bizwire) — Major South Korean companies sharply cut payments of performance-based pay and dividends for 2019 due to abysmal earnings, industry sources said Wednesday. Top-cap Samsung Electronics Co. recently decided to lower the maximum amount of performance pay for workers at its semiconductor division to 29 percent of their annual salary [...]