BlockBeats report: On August 5, a Korean shareholder group filed criminal charges against the CEOs of Samsung Electronics and SK Hynix, alleging that their bonuses are not subject to collective bargaining agreements; police have launched an investigation into the case. On August 5, a shareholder group called the "Korean Shareholder Movement Headquarters" stated: "Pursuant to the Act on Enhanced Punishment of Specific Economic Crimes, cases involving the CEOs of Samsung Electronics and SK Hynix for alleged breaches of shareholder trust have been referred to the First and Second Investigation Divisions of the Gyeonggi Southern Regional Police Office, respectively."
On the 22nd of last month, the group filed a complaint with the National Investigation Bureau (NOI) of the Korean National Police Agency, accusing Samsung Electronics co-CEO Jun Young-hyun, Roh Tae-moon, and SK Hynix CEO Kwak No-jung. The group alleges that these executives committed breach of trust by approving bonus payments without adequately reviewing labor agreements and establishing payment mechanisms that unreasonably deplete corporate assets. (Kim10)