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Industry

Samsung Electronics management and union reach tentative wage deal, halt general strike

Samsung Electronics and its labour union signed a tentative agreement on 2026 wage talks late on May 20, suspending a planned 18-day general strike from May 21 to June 7. The deal follows renewed talks after failed mediation and direct government involvement. Final approval depends on a union membership vote from May 22 to May 27. The agreement includes a new DS division special performance bonus scheme and an average wage increase of 6.2 percent.

Industry

Samsung Electronics strike nears as union exodus deepens and DS-DX rift widens

Resignations are surging from Samsung Electronics’ largest union as internal conflict intensifies ahead of a threatened strike. Discontent has grown among members in the DX division, who say the union is focused on DS semiconductor bonus demands. The union’s plan to pay allowances to strike staff has also drawn backlash after a recent hike in membership fees. Performance gaps between DS and DX have sharpened tensions, while political comments and public opinion add pressure.

Industry

Samsung Electronics posts 57.2 trillion won earnings surprise, beating estimates on semiconductor boom

Samsung Electronics posted preliminary first-quarter operating profit of 57.2 trillion won on revenue of 133 trillion won, far above securities firm estimates. The result was driven by surging memory prices and strong memory exports, with DRAM and NAND cited as key contributors. Analysts expect weaker performance in non-semiconductor units, including MX and displays, while the foundry business is still estimated to be loss-making.