The labor union at Samsung Electronics in Seoul, South Korea, has warned that it will exit ongoing pay negotiations if a mediation proposal is not provided within two hours. The union is pushing for a 15% allocation of operating profit to a performance bonus pool, compared to Samsung's offer of 10%. Union representative Choi Seung-ho expressed that they have been waiting for a mediation proposal for three hours. The union's demands also include removing a cap on bonus pay, which is currently set at 50% of annual base salary, and ensuring these changes remain effective beyond this year. Workers are increasingly frustrated due to a significant pay gap with rival SK Hynix, which recently eliminated its pay cap, resulting in bonuses that are over three times higher than those at Samsung. This discontent is further fueled by Samsung's record profits, driven by the booming demand for chips in the AI sector, as the company recently achieved a market capitalization of over $1 trillion.