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

Daniel Kim Views  

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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.

Daniel Kim
content@tenbizt.com

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