The hefty profit-based performance bonuses at Samsung Electronics and SK hynix are unlikely to become a new norm among Korean businesses, as the government considers amending regulations to subject such bonus plans to shareholder approval. Speaking at a press forum on Thursday, Industry Minister Kim Jung-kwan said he “opposes linking employee incentives directly to a company’s operating profit,” and that the government is discussing revisions to the Commercial Act and the Financial Investment Services and Capital Markets Act that would require companies to secure shareholder approval before paying such performance bonuses. The comment came as a growing number of labor unions at large companies have been demanding that a portion of operating profit be used to fund performance bonuses. Last year, SK hynix agreed with its labor union to allocate 10 percent of operating profit for performance bonuses to share the massive profits generated from its memory chip business. In May, Samsung Electronics reached a similar agreement to allocate 10.5 percent of operating profit to performance b