CEOs of Samsung Electronics and SK Hynix Accused of Breach of Trust, Police Investigation Launched

On August 5, a South Korean shareholder group filed a criminal lawsuit against the CEOs of Samsung Electronics and SK Hynix, accusing them of paying bonuses not bound by collective bargaining agreements. The police have initiated an investigation into the case. The shareholder group, "Korea Shareholders' Movement Headquarters," stated that the case has been referred to the first and second investigation divisions of the Gyeonggi Southern Provincial Police Agency. On July 22, the group had already submitted a complaint to the National Investigation Agency of the Korean National Police Agency, accusing Samsung Electronics' co-CEOs Han Jong-hee and Lee Jae-young, as well as SK Hynix CEO Park Sung-wook. The group believes that the executives agreed to pay bonuses without adequately reviewing labor agreements and established a payment mechanism that unreasonably consumes company assets, constituting a breach of trust.

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