Highlights

Samsung faces a strike threat. Wage talks stalled. Labor officials intervene.

Latest news

Six Years of Trust and Dedication: Verses Kindler Publication Redefines The Journey for Authors

Six Years of Trust and Dedication: Verses Kindler Publication Redefines The Journey for Authors

From Barriers to Architecture: How Security Design Is Reshaping India's Urban Homes

From Barriers to Architecture: How Security Design Is Reshaping India's Urban Homes

IIT Ropar and Dhash Defense Sign MoU to Build India's Next-Generation All Terrain Vehicles

IIT Ropar and Dhash Defense Sign MoU to Build India's Next-Generation All Terrain Vehicles

Movado Launches Heritage 1917 Collection as an Ode to 145 Years of Swiss Craftsmanship and Iconic Design

Movado Launches Heritage 1917 Collection as an Ode to 145 Years of Swiss Craftsmanship and Iconic Design

MoPNG holds workshop with Oil PSU heads to strengthen R&D capabilities in oil and gas sector

MoPNG holds workshop with Oil PSU heads to strengthen R&D capabilities in oil and gas sector

The Story of AI - GPT Satya: Everything You Need to Know About AI

The Story of AI - GPT Satya: Everything You Need to Know About AI

Tata Power, Bhutan's DGPC expand hydropower partnership to over 5,000 MW

Tata Power, Bhutan's DGPC expand hydropower partnership to over 5,000 MW

Airtel Africa FY26 profit surges to $813m, revenue rises 29.5% on strong data, mobile money growth

Airtel Africa FY26 profit surges to $813m, revenue rises 29.5% on strong data, mobile money growth

Labor authorities intervene in wage dispute as Samsung faces strike threat in Korea

Samsung Electronics is at a crossroads as stalled wage negotiations have led to a potential strike threat.
Labor authorities, including the Ministry of Employment, are stepping in to mediate. A post-mediation process might be initiated to resume talks and reach an agreement.

Labor authorities intervene in wage dispute as Samsung faces strike threat in Korea

Seoul [South Korea], May 8 (ANI): Labor authorities stepped in as Samsung Electronics faced a looming strike threat, with the union warning of its largest-ever walkout as wage negotiations remained stalled, according to a report by The Korea Herald.
Citing industry sources, the report noted on Friday that Kim Do-hyung, the chief of the Gyeonggi branch of the Ministry of Employment and Labor, scheduled a meeting with Choi Seung-ho, the head of the Samsung Electronics Labor Union. This move sought to address the escalating tension before the planned full-scale strike on May 21.
As per the report, the announcement of the walkout placed significant pressure on both management and labor to return to the negotiating table. The National Labor Relations Commission also intervened by asking both parties to consider a post-mediation process. This specific mechanism allowed the commission to act as a mediator even after formal mediation ended, provided both sides gave their consent.
The formal mediation concerning the performance-based bonus system stopped in March. A potential agreement to enter post-mediation offered a path for talks to resume under official guidance.
The report mentioned that Samsung Electronics previously navigated a similar situation in July 2024 during the union's first strike. While that post-mediation process failed to reach an agreement, subsequent independent negotiations eventually led to a tentative wage deal.
"If some organized workers make excessive or unfair demands to protect only themselves and draw public criticism, it will hurt not only the union concerned but also other workers," the report quoted President Lee Jae Myung speaking during a senior secretaries' meeting on April 30.
Though the President did not name Samsung Electronics directly, his comments followed growing public scrutiny regarding the planned labor action. According to the report, the government expressed concerns that a prolonged disruption at the company weighed on the national economy and critical industrial supply chains. This broader economic significance prompted more active involvement from labor officials to prevent a full-scale stoppage.
"I urge Samsung Electronics labor and management to swiftly engage in sincere dialogue," the report quoted Labor Minister Kim Young-hoon on Thursday during a nationwide meeting of regional labor office chiefs. (ANI)

(This article was generated from news agency ANI without modifications to the text.)

ADVERTISEMENT

Up Next

Labor authorities intervene in wage dispute as Samsung faces strike threat in Korea

Labor authorities intervene in wage dispute as Samsung faces strike threat in Korea

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

Reliance denies buying Iranian oil amid US sanctions waiver

Reliance denies buying Iranian oil amid US sanctions waiver

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

Govt announces seven measures to help boost exports

Govt announces seven measures to help boost exports

ADVERTISEMENT

editorji-whatsApp

More videos

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI pauses rate cuts, retains interest rate at 5.25 pc

RBI pauses rate cuts, retains interest rate at 5.25 pc

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

Explained: India-US trade deal, tariffs and trade benefits

Explained: India-US trade deal, tariffs and trade benefits

Trade deal with US adds momentum to India's growth ambition: Industry leaders

Trade deal with US adds momentum to India's growth ambition: Industry leaders

Rupee jumps 119 paise to 90.30 against the US dollar on India-US trade deal

Rupee jumps 119 paise to 90.30 against the US dollar on India-US trade deal

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.