Samsung Electronics Workers in South Korea Ratify Wage Agreement, Avoid Strike
Samsung's unionised workers in South Korea approve pay deal
Image: Channel Newsasia
Samsung Electronics' unionised workers in South Korea approved a wage deal with nearly 74% support, avoiding a strike that could have impacted global chip supplies. The agreement includes a 6.2% wage increase and a new performance bonus system for the semiconductor division.
- 01Approximately 74% of the 62,616 workers voted in favor of the wage deal.
- 02The agreement includes a new 10-year special performance bonus system for the semiconductor division.
- 03The wage increase averages 6.2%, reflecting the company's success in the AI chip market.
- 04A minority union representing consumer electronics workers is seeking to block the vote, claiming it primarily benefits chip division workers.
- 05The deal was reached after a five-month dispute and last-minute mediation by South Korea's Labour Minister.
Advertisement
In-Article Ad
Samsung Electronics' unionised workers in South Korea have approved a tentative wage deal, effectively averting a strike that could have disrupted global chip supplies and negatively impacted the South Korean economy. The union reported that nearly 74% of the 62,616 workers who participated in the vote supported the agreement. This resolution follows a contentious five-month dispute centered around performance bonuses linked to the company's lucrative AI chip sector. The deal was reached after last-minute mediation by South Korea's Labour Minister, just hours before a scheduled strike. The ratified agreement includes a 6.2% average wage increase and introduces a new 10-year special performance bonus system specifically for the semiconductor division. However, a minority union representing Samsung's consumer electronics workers has expressed dissatisfaction and has requested a South Korean court to block the vote, arguing that the agreement primarily favors those in the chip divisions. This development highlights the ongoing tensions within the company as it navigates its workforce's diverse interests amidst a booming tech landscape.
Advertisement
In-Article Ad
The approval of the wage deal helps stabilize Samsung's operations and avoids disruptions in global chip supplies, which are crucial for various industries.
Advertisement
In-Article Ad
Reader Poll
What do you think about the wage deal approved by Samsung workers?
Connecting to poll...
More about Samsung Electronics

El Kospi surcoreano aumenta un 4% impulsado por el sector tecnológico
Infobae • May 27, 2026

SK Hynix alcanza una capitalización de mercado de más de un billón de dólares gracias a la IA
Investing • May 27, 2026
Samsung One UI 8.5 Update Causes Dark Mode Issues in Google Apps
Business Standard • May 26, 2026
Read the original article
Visit the source for the complete story.



&w=1200&q=75)
