Breaking News: Samsung Electronics (005930.KS) Chairman Jay Y. Lee issued a public apology Tuesday over a labor union dispute, after the union declared a general strike demanding performance-based bonuses equivalent to 15% of operating profit.
Lee, who arrived at Seoul Gimpo Business Aviation Center around 2:30 p.m., said, "I sincerely apologize to our customers around the world for causing anxiety and concern due to internal issues at our company." He added, "And I bow my head in apology to the people of our nation, who have always supported, loved, and constructively criticized Samsung."
Lee, who had been on an overseas business trip, is reported to have adjusted his schedule to return home Tuesday after performance bonus negotiations between labor and management broke down and channels for dialogue remained closed.
