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South Korea union agrees to resume wage negotiations after Samsung Electronics' chairman's apology to public

The collapse of the government-mediated negotiations earlier in the week heightened concerns about a strike at the world's biggest memory chipmaker, whose customers include Nvidia, AMD and Google

Samsung Electronics’ labour union members chant slogans during a protest against company’s compensation levels ahead of a planned lengthy strike in front of Samsung Electronics semiconductor plant in Pyeongtaek, South Korea, April 23, 2026 Reuters

Reuters
Published 16.05.26, 01:02 PM

Samsung Electronics and its South Korean labour union will resume pay talks on Monday with a government mediator, the union said, in a move that could ease concerns over a potentially disruptive strike at the tech giant.

The union said in a statement on Saturday that Samsung Electronics had replaced the company's representative for the negotiations, while the two sides would have a separate meeting later on Saturday.

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The union did not elaborate on Saturday's agenda. Samsung Electronics declined to comment on either meeting.

The announcement came shortly after Samsung Electronics Chairman Jay Y. Lee apologised to customers and the public over the labour dispute in his first public comments on the issue.

"I sincerely apologise to customers around the world for causing anxiety and concern due to issues within our company," Lee said in his first public remarks on the dispute, adding that he also "deeply bows in apology to the public".

After pay negotiations broke down this week, the labour minister met Samsung Electronics management on Saturday and urged the company to take an active role in resolving the dispute through dialogue.

South Korean government officials, including the prime minister and finance minister, have voiced concerns that a strike at Samsung should be avoided at all costs, warning it could pose significant risks to economic growth, exports and financial markets.

The collapse of the government-mediated negotiations heightened concerns about a strike at the world's biggest memory chipmaker, whose customers include Nvidia, AMD and Google.

The union said on Friday it remained committed to a planned strike starting next week, even after the company proposed resuming pay talks without conditions.

In 2020, Lee apologized for the behaviour of executives caught sabotaging labour union activities, and vowed to guarantee labour rights at the tech giant. Some of Samsung Group's former and current executives have been investigated or convicted.

Samsung South Korea Labour Strike
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