Samsung Electronics' largest labor union will hold a confidence vote for its chief, Chairman Choi Seung-ho, due to backlash over a recent wage agreement. The deal includes a special semiconductor performance bonus but has faced criticism for primarily benefiting chip division employees, leading to a decline in union membership.
Samsung Electronics will hold its global strategy meeting starting Tuesday to discuss second-half business plans, focusing on AI integration and supply chain conditions for its mobile and chip divisions.
Samsung Electronics remains South Korea's most valuable brand in 2026, despite a 7.4% drop in value to $74.1 billion. SK hynix entered the top 10 for the first time, while Hyundai Motor ranked second.
Samsung Electronics dominated smartphone sales in Central/South America, the Middle East, and Southeast Asia during Q1, driven by its Galaxy S26 and A series. The company secured significant market share in these regions despite overall market declines in some areas.
Samsung Electronics union members are voting on a wage deal to avoid a strike. The agreement includes a special semiconductor performance bonus of 10.5% of business earnings, paid in stock over 10 years, averting potential supply chain disruptions.
Samsung Electronics' largest union plans an 18-day strike starting Thursday after rejecting a mediation proposal. South Korea's labor minister is mediating last-minute talks amid concerns over economic impact and global chip supply.
Samsung Electronics' largest union plans an 18-day strike starting Thursday after wage talks broke down, with management rejecting a mediation proposal. The union seeks fixed performance bonuses, while the company cites losses in some units. A strike could disrupt global supply chains and cost South Korea up to $67 billion.
Samsung Electronics' largest union will proceed with a strike this week, citing management's rejection of a government-mediated proposal on performance bonuses. Nearly 48,000 workers are set to walk off the job for 18 days.
Samsung Electronics' largest union will proceed with a planned 18-day strike starting Thursday, rejecting a government-mediated proposal on performance-based bonuses. The strike involves nearly 48,000 workers and raises concerns for South Korea's export-driven economy and global semiconductor supply chains.
Samsung Electronics' largest labor union and management resumed government-led wage mediation talks Wednesday, May 20, ahead of a planned 18-day strike by nearly 48,000 workers. The core dispute centers on performance-based bonuses for the AI-driven semiconductor business.
Samsung Electronics and its largest labor union will resume government-led wage mediation talks on Wednesday morning after failing to reach an agreement on performance-based bonuses and bonus caps during marathon negotiations.
Samsung Electronics and its largest labor union will resume wage mediation talks on Wednesday morning after failing to reach an agreement during marathon negotiations. The core issue remains performance-based bonuses tied to the company's AI semiconductor business.
Samsung Electronics and its largest labor union resumed government-led wage mediation Tuesday, with a potential last-minute deal to avert a strike. The union demands fixed performance bonuses, while the company proposes maintaining the current system with adjustments. A strike could cost South Korea up to 100 trillion won.
Samsung Electronics and its labor union resumed government-led wage mediation Tuesday, aiming to avert a strike. The core dispute centers on performance-based bonuses for the AI semiconductor business, with the union demanding 15% of operating profit and management proposing 10% with a flexible system.
Samsung Electronics and its largest labor union resumed wage mediation talks on Tuesday, May 19, in a final effort to prevent a strike. The core dispute centers on performance-based bonuses for the profitable AI semiconductor business, with the union demanding fixed bonuses and the company proposing adjustments to the current incentive system.
Samsung Electronics' largest union and management resumed government-led wage talks Monday, aiming to avert a strike over performance bonuses. A court partially blocked the strike, requiring production to be maintained, but the union plans to proceed.
Samsung Electronics' largest labor union and management resumed government-led wage mediation talks Monday, seeking to avert an 18-day strike scheduled to begin Thursday over performance-based bonuses. The union demands fixed bonuses, while management proposes maintaining the current system with adjustments. A strike could cost South Korea up to $66.7 billion.
Samsung Electronics and its labor union will resume government-led mediation talks on Monday, three days before a planned 18-day strike. The dispute centers on bonus payouts for the AI semiconductor business.
Samsung Electronics and its labor union will resume government-led mediation talks on Monday, three days before a planned 18-day strike by over 46,000 members. The impasse centers on bonus payouts for the AI semiconductor business.
Samsung Electronics and its labor union will resume dialogue after the company decided to replace its chief negotiator, Vice President Kim Hyung-ro, with Yeo Myung-koo. The union had reportedly called for Kim's replacement due to his perceived lack of understanding of the semiconductor business.
Samsung Electronics Chairman Lee Jae-yong urged unity as the company's largest labor union plans a strike next week over wage negotiations. The union demands performance bonuses tied to the semiconductor division's profits, while the company proposes alternative incentive systems. A strike could cost South Korea billions.
Samsung Electronics Chairman Lee Jae-yong urged unity within the company as its largest labor union prepares for an 18-day strike starting next Thursday due to an impasse in wage negotiations.
Samsung Electronics' largest union will proceed with a planned strike next week, rejecting management's proposal to resume talks without preconditions. The union demands are focused on performance-based bonuses for the semiconductor division.
Samsung Electronics' largest labor union will proceed with a planned strike next week, rejecting the company's proposal to resume talks without preconditions. The union demands fixed performance bonuses, while management offers a flexible incentive system. A strike could cost South Korea up to $66.7 billion.
