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Samsung Electronics Settles First-Ever General Strike Threat

Daniel Kim Views  

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(From left) Samsung Electronics Executive Vice President Yeo Myeong-gu and Choi Seung-ho, chair of the Samsung Group Trans-Enterprise Union’s Samsung Electronics branch, at the wage agreement signing ceremony. Photo courtesy of Samsung Electronics.

[The Public—Reporter Doo-hee Jo] Samsung Electronics and its union formally resolved a labor dispute that had raised industrywide concern over the company’s first-ever threatened general strike by signing a wage agreement on May 27.

Samsung Electronics and the union’s joint bargaining committee reached a tentative 2026 wage agreement late on May 20, the night before the planned strike. Union members then voted between 2 p.m. on May 22 and 10 a.m. on May 27; turnout was 95.5%, and 73.7% voted in favor, approving the deal.

Samsung Electronics Executive Vice President Yeo Myeong-gu said, “This wage agreement marks the start of labor and management coming together to strengthen our global competitiveness. I thank the union and all employees for negotiating with sincerity and for keeping channels of dialogue open until the end.”

Choi Seung-ho, chair of the Trans-Enterprise Union’s Samsung Electronics branch, said, “There were regrettable elements, but I believe we reached a meaningful agreement. We will continue to work to improve Samsung Electronics employees’ working conditions and to protect their rights.”

Daniel Kim
content@tenbizt.com

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