South Korea weighs arbitration to avoid Samsung semiconductor plant strike

South Korea ⁠will pursue all options, ⁠including emergency arbitration, to ⁠avoid a labour strike at the country’s biggest employer Samsung Electronics and to minimise any damage if one does occur, its prime minister said on Sunday. The world’s largest memory chipmaker and its South ‌Korean labour union will resume pay talks on Monday with a government mediator, in a move that could ease concerns over a potentially disruptive strike at the tech giant that accounts for nearly a quarter of the...

By Reuters

Samsung Electronics and its South Korean union resume pay talks as strike risks loom

South Korean government officials have voiced concerns that a strike could pose significant risk to economic growth, exports and financial markets.

Lee stresses respect for corporate rights as Samsung strike looms

President Lee Jae Myung said Monday that corporate management rights should be respected as much as labor rights, remarks that appeared aimed at easing tensions ahead of a possible strike at Samsung Electronics. Although Lee did not mention Samsung or its union directly, the comments came as the company and labor representatives prepared for what could be their final wage talks before a planned strike later this week. In a post on X, Lee said South Korea’s liberal democratic and market economic

By The Korea Herald