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.

People & Appointments

Samsung Electronics replaces TV business chief

Samsung Electronics has appointed Lee Won-jin, head of global marketing, as chief of its Visual Display Business and head of the Service Business team in an executive reshuffle announced on May 4. The company said Lee is a content, service and marketing expert who helped build key foundations for its TV and mobile services and strengthened global competitiveness. It added he is expected to lead a turnaround and bolster TV competitiveness.