The Office of the President expressed its position on May 20 regarding the tentative wage agreement between the labor and management of Samsung Electronics, stating, "We are grateful for the grand decision made by labor and management for the good of the nation and its people."


Through a press notice issued on the same day, the Office of the President added, "We regard this as the result of the combined efforts of government officials, including the Minister of Employment and Labor, who participated in mediation until the end."


Blue House Thanks Labor and Management of Samsung Electronics for Their Magnanimous Decision View original image

On this day, Samsung Electronics began wage negotiations at the Gyeonggi Employment and Labor Office in Suwon, Gyeonggi Province. Although the Central Labor Relations Commission failed in its second round of post-mediation efforts, Minister of Employment and Labor Kim Young-hoon personally participated in the renegotiations and led to a vote on May 21 to postpone the general strike and reach a tentative labor-management agreement.


Choi Seungho, head of the Samsung Electronics branch of the Samsung Group Super Enterprise Labor Union, stated, "We deeply apologize to the public for causing concern due to our internal conflicts," and added, "We sincerely thank the government and all officials who took on the role of mediator until the very end."


Yeo Myung-koo, Executive Vice President of Samsung Electronics and management representative, also conveyed, "We appreciate the union for its efforts toward reaching an agreement, as well as the government officials who provided assistance."



Meanwhile, President Lee Jae-myung, during a Cabinet meeting on the same day, commented, "It is good that some unions exercise their rights to organize, take collective action, and engage in collective bargaining to secure their interests," but also criticized the unions, saying, "There should be reasonable limits to such actions."


This content was produced with the assistance of AI translation services.

© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.

Today’s Briefing