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SK Hynix union approves tentative wage agreement with management

South Korean union at SK Hynix approved a revised tentative wage agreement with management, ending weeks of uncertainty after workers rejected an earlier deal.

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Chipmaker SK Hynix's South Korean union KRX:000660 has approved a tentative wage agreement with management, a source familiar with the matter said on Wednesday, ending weeks of uncertainty after workers narrowly rejected an earlier deal. The revised agreement won the backing of the union after the earlier proposal was turned down, the source said.