Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Samsung Strike Averted: Massive Last-Minute Deal Reached with Workers

Daniel Kim Views  

Translation result.

On May 20, at the Gyeonggi Employment and Labor Office in Jangan District, Suwon, Yeo Myeong-gu, head of Samsung Electronics’ DS (Device Solutions, semiconductor business) People Team, and Choi Seung-ho, chair of the Samsung Electronics branch of the Samsung Group Trans-Company Union, signed a tentative wage agreement after concluding pay negotiations and then shook hands with Employment and Labor Minister Kim Young-hoon. 2026.5.20 [Joint coverage] [Photo=Yonhap News]

[iNews24 reporter Moon Jang-won] On May 21, the Blue House praised both labor and management for their broadly consequential decision, saying the tentative agreement reached just before a scheduled strike served the national interest.

Blue House senior spokesperson Kang Yoo-jung said in a press release that the outcome reflected sustained mediation by Labor Minister Kim Young-hoon and other government officials.

On the night of May 20, Samsung Electronics management and the union signed a tentative deal on 2026 performance bonuses at the Gyeonggi Regional Labor Relations Commission.

Earlier that morning, the Central Labor Commission’s second post-adjustment session collapsed, making a strike appear imminent. In the afternoon, however, Labor Minister Kim Young-hoon intervened directly and brokered a last-minute tentative agreement between the parties.

As a result, the general strike scheduled for May 21 has been suspended. Union members at Samsung Electronics will hold a ratification vote on the tentative agreement from 2:00 p.m. on May 22 until 10:00 a.m. on May 27 to determine final approval.

Most Commented

Daniel Kim
content@en.tenbizt.com

Comments0

300

Comments0

[Social] Latest Stories

  • Starbucks Korea CEO Fired Over Controversial ‘Tank Day’ Promotion
    Starbucks Korea CEO Fired Over Controversial 'Tank Day' Promotion
  • 25,000 Robots vs. Human Workers: The High-Stakes Battle at Hyundai
    25,000 Robots vs. Human Workers: The High-Stakes Battle at Hyundai
  • Hotel Hygiene Scandal: Cleaner Caught Using Guest Towels to Wipe Toilets
    Hotel Hygiene Scandal: Cleaner Caught Using Guest Towels to Wipe Toilets
  • South Korea’s Tech Giant Kakao Faces First Major Strike in 20 Years
    South Korea's Tech Giant Kakao Faces First Major Strike in 20 Years
  • South Korea’s Aging Crisis: How One Leader Is Redefining ‘Well-Dying’
    South Korea’s Aging Crisis: How One Leader Is Redefining 'Well-Dying'
  • Stop Calling Them ‘Hey You’: South Korea’s New Push for Worker Respect
    Stop Calling Them 'Hey You': South Korea's New Push for Worker Respect

Weekly Best Articles

  • 2026 FIFA World Cup in LA: 39 Days of Unforgettable Fan Experiences and Events!
  • Maximize Your Paris Trip: Essential Guide to Mont Saint-Michel Day Tours and Overnight Stays
  • Dubai vs. Japan: Which Destination Offers Better Safety and Cleanliness for Travelers?
  • ASEAN Tourism Forum 2026: Key Insights on Sustainable Growth in Cebu
  • Hyeri’s Luxurious Tokyo Baby Moon: Discover Why Bulgari Hotel Stands Out
  • Mont Saint-Michel Tour: Day Trip vs. 1-Night Stay – Which One Suits Your Travel Style?

Weekly Best Articles

  • 2026 FIFA World Cup in LA: 39 Days of Unforgettable Fan Experiences and Events!
  • Maximize Your Paris Trip: Essential Guide to Mont Saint-Michel Day Tours and Overnight Stays
  • Dubai vs. Japan: Which Destination Offers Better Safety and Cleanliness for Travelers?
  • ASEAN Tourism Forum 2026: Key Insights on Sustainable Growth in Cebu
  • Hyeri’s Luxurious Tokyo Baby Moon: Discover Why Bulgari Hotel Stands Out
  • Mont Saint-Michel Tour: Day Trip vs. 1-Night Stay – Which One Suits Your Travel Style?

Hot Topics