Samsung Electronics wage talks fail; strike possible May 21-June 7

Bloomberg reported May 12 that Samsung Electronics and its union failed to reach a wage deal after two days of labor-ministry mediation. The National Samsung Electronics Union, representing about 30,000 semiconductor workers, is demanding that 15% of AI-boom operating profit be paid as bonuses and that caps be removed. Samsung has sought an injunction to block a strike, with a court decision expected before May 21.