Labor Ministry: "No Truth to Nullification of Samsung and SK Incentive Agreements... Will Report to Investigative Authorities"
The Ministry of Employment and Labor has firmly denied online allegations that the government sent official documents to Samsung Electronics and SK Hynix instructing them to nullify their existing incentive agreements in preparation for the introduction of a "semiconductor excess profit-sharing system."
On July 1, the ministry stated, "Posts circulating online regarding an 'excess profit-sharing system in semiconductors' and the 'nullification of incentive agreements' are completely baseless and false." The ministry further clarified, "The government has not sent any related official documents."
Recently, anonymous online communities for office workers have seen the spread of posts claiming that the government sent official documents to Samsung Electronics and SK Hynix instructing them to fully reconsider their existing incentive agreements, and to design and operate compensation and distribution methods in line with a government-led excess profit-sharing policy starting next year.
In response, the ministry reiterated that these claims are not true. The ministry also warned, "If such false information continues to be maliciously disseminated in the future, we plan to respond strongly, including reporting to investigative authorities."
The Ministry of Trade, Industry and Energy also denied the related allegations in a separate statement on the same day. The ministry said that the rumor spreading online—that the government sent official documents to Samsung Electronics and SK Hynix to form a government-led think tank for the excess profit-sharing system—is also false, and warned that it would take a tough stance, including reporting to investigative authorities, against the malicious spread of false information.
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Meanwhile, the Ministry of Employment and Labor is considering holding a forum later this month on the topic of profit distribution in the semiconductor industry. The agenda and timing of the forum are reportedly still being coordinated.
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