
Workers' Anger Grows Over Samsung Electronics' 600 Million Won Bonuses
On the 22nd at 7 a.m., Park, 27 years old, was greeting office workers heading to work at a convenience store near Samsung Electronics’ Seocho headquarters in Seocho-gu, Seoul. On that day, the front page of a newspaper displayed on the store’s shelf featured an article stating that employees in Samsung Electronics’ semiconductor division would receive performance bonuses of 0.6 billion Korean won per person next year. Park, who is preparing for employment, works 10 hours a day at the convenience store and earns 1.8 million Korean won per month. Park said, “Hearing that Samsung employees I greet as customers receive 0.6 billion Korean won in performance bonuses leaves me feeling hollow and angry without realizing it.”
The ‘gap’ in Korean society, which has emerged in areas such as assets, income, education, and employment, is spreading into ‘anger.’ Seoul National University’s National Future Strategy Institute and Chosun Ilbo commissioned Hankook Research to conduct a survey targeting 3,043 men and women nationwide over four days from the 27th to the 30th of last month. The survey’s theme was ‘Inequality and Conflict in Korean Society.’ According to the results, 78% of respondents answered that they ‘feel anger toward the unfair social structure.’ Respondents cited economic disparities such as assets (85%), housing (81%), and income (78%) as the most severe areas of inequality.
Regarding the cause of economic disparities, 87% of respondents said it was ‘due to differences in inherited wealth from parents.’ Alongside asset and housing gaps represented by real estate, the recent issue of performance bonuses exceeding 100 million Korean won at Samsung Electronics and SK Hynix, driven by the semiconductor boom, is analyzed as potentially exacerbating social anger by deepening frustration over income inequality.
In this survey, the proportion of respondents who ‘feel anger toward the unfair social structure’ was highest among those in their 40s, 50s, 60s, and the middle class. This indicates that the backbone of Korean society is shaking. Kim, 45 years old, a department head at an oil refining conglomerate, said, “Even though I consider myself to work at a decent company, seeing the ‘N% performance bonus’ at semiconductor firms leaves me so frustrated and angry that I cannot focus on my work.”
Kang Won-taek, director of Seoul National University’s National Future Strategy Institute, diagnosed, “This survey shows that Koreans’ anger has already transitioned into a collective emotion transcending social classes.” Director Kang added, “Considering that anxiety still holds expectations for the system, while anger stems from the judgment that those expectations have been betrayed, the frustration and anger of ‘efforts being betrayed’ could act as a spark leading to extreme social division.”