00:02it's thursday september 17th let's get into one of korea's top economic stories today
00:09samsung's chip division could report an operating profit of up to 370 trillion won this year
00:17that number came directly from a briefing samsung's own management gave to union leaders
00:22in june bonus payouts tied to that performance could push total compensation past 400 trillion
00:28won samsung electronics semiconductor unit gave the forecast during a june earnings briefing with
00:36union representatives the figure reflects a sharp rebound in memory chip demand this year
00:41executives say the momentum could carry into next year's wage and bonus talks here's what the numbers
00:48show 370 trillion won that's the operating profit ceiling samsung's semiconductor division now
00:55projects for this year according to a briefing given directly to union leaders
01:01samsung's management raised that outlook from a june briefing when it flagged a threshold above 40
01:07trillion won for a single quarter total compensation including bonuses could top 400 trillion won across
01:14the division this year separately korean air committed 50 trillion won to a fleet overhaul that brings in
01:21103 boeing aircraft that package combined with engine orders is valued at roughly 44.8 billion dollars
01:30so what does this mean for global readers following korea's economy earlier we said samsung's chip
01:37division could post up to 370 trillion won in operating profit this year here's what that actually means
01:44for you korea's tech-driven growth engine is running at full capacity again feeding wages bonuses
01:51and reinvestment across the supply chain korean air's parallel 50 trillion won fleet investment
01:58shows that same confidence spreading beyond chips samsung's third quarter earnings release which will show
02:04whether the 370 trillion won pace is holding wage negotiations this fall where the bonus outlook
02:11will be tested against actual results korean air's boeing delivery schedule through 2036 the timeline behind
02:19its 50 trillion won bet that's today's ai prism front page daily this episode was produced with ai assistance
02:29based on sole economic daily reporting and reviewed by a human editor ai prism is a juan ifra award-winning
02:36series we'll be back tomorrow
02:38you
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