Samsung To Pay Large New Year Bonuses To Subcontractors

by Jonathan Custer

The Korean Herald reports,

  • Samsung Electronics plans to give its chipmaking subcontractors the biggest bonus since 2010 — for their performance last year.
  • The semiconductor division pays a total of 41.74 billion won ($35.8 million) to around 20,000 employees of primary and secondary contractors.
  • “Despite the difficult market conditions last year, the company is sharing its achievement with the purposes of encouraging the suppliers’ employees and contributing to boosting the economy,” a company official said.
  • The company has been offering its suppliers incentives twice a year. It also has been providing educational support for firms by running its Semiconductor-facilities Technology Academy since 2018.

By Song Su-hyun (song@heraldcorp.com)