Samsung Electronics

Samsung Electronics and its largest union failed to reach an agreement in government-mediated talks on May 18, heightening concerns over a planned strike.

May 17, 2026 Reported by AI

President Lee Jae Myung stated that management rights should be respected as much as labor rights ahead of a planned strike by Samsung Electronics’ labor union.

South Korean stocks opened slightly lower on Friday amid persistent Middle East tensions and little progress in US-Iran peace talks. The KOSPI fell 7.21 points, or 0.11 percent, to 6,468.60 in the first 15 minutes of trading. The decline followed overnight Wall Street losses as investors stayed on the sidelines.

April 08, 2026 Reported by AI

Hong Ra-hee, widow of late Samsung Group Chairman Lee Kun-hee, sold a stake in Samsung Electronics worth nearly 3.1 trillion won ($2.1 billion) to complete the family's inheritance tax payments. The block sale of 15 million shares ends a five-year installment plan totaling 12 trillion won that began in April 2021. The move is expected to ease financial pressure, potentially accelerating Chairman Lee Jae-yong's 'New Samsung' growth strategy.

Samsung Electronics' union has approved a general strike with 93.1 percent support, demanding bonus reforms and a 7 percent pay raise. This would be the company's second strike since 1969, coinciding with a prosecution probe into insider trading that could pressure shares.

March 19, 2026 Reported by AI

Samsung Electronics will shut down its TV production plant in Galanta, Slovakia, in May, industry sources said. The closure ends 24 years of operations to improve efficiency. The facility currently employs about 700 workers.