Samsung Executives Urge Union to Protect Future Competitiveness

Opinion|
|
By the Editorial Board (Commentary)
||
Members of the Samsung Electronics Joint Labor Union Struggle Headquarters chant slogans at a rally held in front of Samsung Electronics' Pyeongtaek Campus in Pyeongtaek, Gyeonggi Province, on the 23rd of last month. Yonhap News - Seoul Economic Daily Opinion News from South Korea
Members of the Samsung Electronics Joint Labor Union Struggle Headquarters chant slogans at a rally held in front of Samsung Electronics' Pyeongtaek Campus in Pyeongtaek, Gyeonggi Province, on the 23rd of last month. Yonhap News

▲Samsung Electronics (005930.KS) Vice Chairman Jun Young-hyun and President Roh Tae-moon, who serve as the company's co-CEOs, expressed their position on the performance bonuses demanded by the union on Tuesday. In a message posted on the internal bulletin board that day, the executives said, "We will engage in open-minded consultations and strive to reach a direction that all employees can agree with," and asked the union to "ensure that future competitiveness is not compromised." With the performance bonus dispute with the union escalating toward a strike, this can be seen as a signal of their willingness to resolve the issue. Earlier, Samsung Electronics Board Chairman Shin Je-yoon also expressed concern about the union's strike, warning that "both labor and management will lose their footing." Now it is the union's turn. What is the union's answer?

▲Democratic Party candidates running for metropolitan mayor and provincial governor positions in the June 3 local elections have been appearing one after another on the YouTube broadcast "Kim Eo-jun's Humility Is Hard: News Factory." As of Tuesday, 14 out of 16 Democratic Party metropolitan leader candidates, excluding three, have appeared on the show at least once. On the broadcast, the candidates openly solicited donations, and host Kim also encouraged contributions, referring to them as "ammunition." Isn't this reliance on hardline pro-ruling-party broadcasts precisely why people say the party is being swayed by its hardline members?

Original reporting by the Editorial Board (Commentary) for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

AI KEY

Preview
Korean Corporate Intelligence HubKOSPI · KOSDAQ · 12 sectors

A live, cap-weighted view of every KOSPI and KOSDAQ sector, with same-day Korean reporting distilled by company — built for foreign investors, correspondents and analysts who need to scan Korea before the next session.

Korea Chaebol Tree

Preview
Families Behind the GroupsKFTC May 2026 · DART filings

An English-first interactive map of Samsung, SK, Hyundai, LG and Lotte — built for foreign investors, correspondents and analysts. Korea translates companies into English. We translate the families behind them.