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Samsung Electronics wage deal approved with 73.7 percent support, easing strike fears

Samsung Electronics\' tentative 2026 wage agreement was approved in a union ballot on May 27, with 73.7 percent in favour and 95.5 percent turnout, effectively easing fears of a general strike. The joint bargaining body said 46,142 members voted in favour out of 62,616 participants from 65,593 eligible members. The deal introduces a special management performance bonus for the DS division, paid entirely in company shares, but has triggered opposition over compensation gaps and possible legal challenges by unions and shareholder groups.

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

Lee Jae-yong says he will take the hit as Samsung union and management face final mediation on May 18

Samsung Electronics union and management will return on May 18 to a second post-mediation session at the National Labor Relations Commission, days before a planned strike. Chairman Lee Jae-yong apologised to customers worldwide and the public, calling employees and the union “one family” and saying he would take responsibility. The company changed its lead negotiator, while the union agreed the outgoing negotiator could attend without speaking. Talks focus on performance bonuses and whether to institutionalise the scheme.