SEOUL, Dec. 22 (Korea Bizwire) — The performance-based bonuses that Samsung Electronics Co. paid to its employees declined sharply in second-half of this year amid weaker than expected sales resulting from the economic slump, industry sources said Wednesday. Samsung unveiled what it calls target achievement incentives (TAI) based on its workers’ performance, which could be [...]
SEOUL, Aug. 4 (Korea Bizwire) — Banks in South Korea have offered hefty bonuses to their executives on the back of the profits they chalked up by steadily raising interest rates over the past three years, a lawmaker said Wednesday. The aggregate value of bonuses given to the executives at the nation’s top four commercial [...]
SEOUL, Jan. 28 (Korea Bizwire) — Special bonuses will be given to doctors, nurses and other medical workers in charge of treating COVID-19 patients. The Korea Disease Control and Prevention Agency (KDCA) said Thursday it had set up new guidelines for special bonuses to be provided to medical workers in charge of managing the pandemic. [...]
SEOUL, July 3 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chip and smartphone vendor, will provide handsome performance-based bonuses to its employees next week, industry sources said Friday. Samsung plans to give its workers what it calls target achievement incentives (TAI) based on their performance, which could be maximum 100 percent of [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korean chipmakers are expected to pay large bonuses to their workers this month amid the prolonged boom in the global semiconductor market, corporate sources said Tuesday. Samsung Electronics Co. told its workers that the company will provide target-achievement incentives, handed out every six months, this week. The amount [...]