{"id":261745,"date":"2026-05-24T01:20:20","date_gmt":"2026-05-23T16:20:20","guid":{"rendered":"https:\/\/tenbizt.com\/en\/news\/uncategorized\/2026\/05\/24\/samsung-strike-crisis-will-south-koreas-tech-giant-avoid-a-shutdown\/"},"modified":"2026-05-24T01:20:22","modified_gmt":"2026-05-23T16:20:22","slug":"samsung-strike-crisis-will-south-koreas-tech-giant-avoid-a-shutdown","status":"publish","type":"post","link":"https:\/\/tenbizt.com\/en\/news\/social\/2026\/05\/24\/samsung-strike-crisis-will-south-koreas-tech-giant-avoid-a-shutdown\/","title":{"rendered":"Samsung Strike Crisis: Will South Korea\u2019s Tech Giant Avoid a Shutdown?"},"content":{"rendered":"<p>Translation result<\/p>\n<p>[iNews24 reporter Park Ji-eun] Trade, Industry and Energy Minister Kim Jeong-gwan urged both sides to reach a dramatic settlement on the 19th, saying, &#8220;We must stop the strike at all costs.&#8221;<\/p>\n<p>At a full meeting of the National Assembly&#8217;s Trade, Industry and Small and Medium Enterprises Committee, Kim said he had been cautious about commenting for fear his words might influence the ongoing second round of post-adjustment mediation, but he did not hide his concern.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/cdn-union.tenbizt.com\/contents\/crawler-dev\/image\/2026\/05\/CP-2023-0087\/image-b8078f6e-c795-45de-a2da-e7042556ddab.jpeg\"><figcaption>\n  Trade, Industry and Energy Minister Kim Jeong-gwan [Photo: Gwak Young-rae]<br \/>\n <\/figcaption><\/figure>\n<p>&#8220;Everyone is worried about the fallout a Samsung strike would cause,&#8221; he said. &#8220;If we know the harm a strike would do but society cannot resolve it, that leaves us with a desperate sense of urgency and regret about what can be done going forward.&#8221;<\/p>\n<p>He added that since yesterday he had been following the mediation closely, guarding even his words and demeanor, and that he hoped the outcome would reflect public expectations.<\/p>\n<p>That day, Samsung Electronics management and the unions continued negotiations on the second day of post-adjustment mediation at the Central Labor Relations Commission.<\/p>\n<p>After holding talks on wages and collective bargaining at the commission since the previous morning, the parties returned to the negotiating table at 10 a.m. that day.<\/p>\n<p>Park Su-geun, chairman of the Central Labor Relations Commission, told reporters as he entered the meeting room that some differences were narrowing.<\/p>\n<p>On whether the commission would propose a mediation plan, Park said they would first see whether the two sides could reach a settlement; if not, they would present a mediation proposal. &#8220;There is still a possibility of settlement, so we&#8217;ll wait and see,&#8221; he said.<\/p>\n<p>During an afternoon recess, Park told reporters that both sides had been making concessions, raising hopes for a dramatic agreement.<\/p>\n<p>He noted there was a real possibility of reaching an agreement.<\/p>\n<p>The largest union at Samsung Electronics\u2014the pan-company Samsung Electronics branch\u2014has announced plans to begin a general strike from the 21st through the 7th of next month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Minister Kim Jeong-kwan urges a dramatic resolution to prevent the Samsung Electronics union&#8217;s planned strike.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_thumbnail_url":"https:\/\/cdn-union.tenbizt.com\/contents\/crawler-dev\/thumbnail\/2026\/05\/CP-2023-0087\/thumb-b1249a89-9fb1-4df7-afb0-5f4921f60196.jpg","footnotes":""},"categories":[278100],"tags":[],"class_list":["post-261745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-social"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Samsung Strike Crisis: 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