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Business trends

South Korea's latest high-pressure corporate competition: pay raises

Junior employees at nation's top companies frustrated with seniority-based salary scales

After a revolt among younger employees, chipmaker SK Hynix drastically increased bonuses this year. (Photo courtesy of SK Hynix)
KOTARO HOSOKAWA, Nikkei staff writer | South Korea

SEOUL -- One after another of South Korea's biggest companies has bowed to pressure from below to raise pay in a country where salary was long linked to seniority.

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