Samsung chip bonus windfall sparks fresh fears of housing price surge in South Korea

Seoul [South Korea], May 26 (ANI): Samsung Electronics’ newly introduced compensation package for semiconductor employees is raising expectations that additional liquidity could further push up apartment prices across South Korea’s semiconductor belt, according to a report by The Korean Herald on Tuesday.

As per the report, Samsung Electronics and its labour union reached an agreement on May 20 to launch a low-interest housing loan programme for employees along with a revised performance bonus system linked to semiconductor profits.