Stories from Suwon · South Korea

Labor union members at South Korea's Samsung Electronics have threatened to strike over profits. The workers are demanding a share of the company's business profits.

The labor union at Samsung Electronics has declared a general strike scheduled for May 21st following the collapse of negotiations. Samsung Electronics' wage talks with its union broke down in a government-led post-mediation process. This collapse in negotiations brings a planned May 21 general strike closer to reality. This action comes after talks between the union and the company failed to reach an agreement. Samsung's union has declared a strike after negotiations with the company collapsed.

A dispute has arisen at Samsung Electronics concerning performance bonuses, with the labor union arguing that basing bonuses solely on operating profit reduces shareholder returns. The strike was estimated to cost the company upwards of 30 trillion won ($20 billion) in losses.

Samsung has filed a lawsuit against a technology rival, seeking billions in damages. The company is reportedly considering using emergency powers to block a planned strike at Samsung Electronics. The lawsuit was filed in South Korea. The lawsuit alleges patent infringement.

A planned strike at Samsung Electronics on Thursday could cause economic losses beyond imagination. The minister has warned of the consequences. Negotiations are ongoing to avert the strike. Workers have been on strike for 18 days, beginning on April 25th. The strike is impacting operations at the South Korean company. The exact scale of potential losses is still being assessed. The company is a major player in the global market. The strike could disrupt production and supply chains. The duration and full impact of the strike remain uncertain. Samsung's largest union has threatened industrial action if the company does not agree to set aside 15% of its profits. The union is urging South Korea's largest company to agree to this demand.

An ozone advisory has been issued for five cities in the southern region of Gyeonggi Province, effective from noon on May 16th.

Samsung Electronics union leadership reports no communication from management as a critical 10 AM deadline approaches. This escalates labor tensions at South Korea's largest tech giant. Union members at Samsung Electronics have stated they remain committed to going on strike next week. They will not engage in discussions unless their demands are met. South Korea's government is involved in the situation. Samsung Electronics has begun emergency management procedures as it winds down chip production six days before a planned 18-day strike. The company anticipates daily losses could reach $2 billion.

Suwon Special City is involved with 'faith that has passed 11 recycling standards,' according to a broadcast.

Samsung Electronics Chairman K.H. Lee previously ordered employees to destroy more than 100,000 products, including mobile phones. Workers were instructed to smash the items with hammers before setting them on fire. Following the fire, bulldozers were used to clear the remains.