Korea Joongang Daily
Korea JoongAng Daily

Samsung’s profits not workers’ alone, industry minister says amid union threats to strike over bonuses

While Samsung Electronics employees threaten to strike over bonuses, Korea’s industry minister urged prudent judgment, noting that the company’s gains cannot be credited to its work force alone and warning of looming capital demands.

2026-04-27

Samsung Electronics workers rally for bonus system overhaul, threaten strike if demands unmet

Tens of thousands of Samsung Electronics workers held a rally at the company's sprawling campus in Pyeongtaek, Gyeonggi, on Thursday, calling for an overhaul of the firm's bonus system and warning of a strike if talks with management fail.

2026-04-23

Union calls for profit-sharing spark concerns over eroding competitiveness

Calls from unions on companies to share profits are spreading beyond the semiconductor sector to other industries such as automakers, shipbuilders and defense firms, spurring concerns about eroding competitiveness in key growth drivers.

2026-04-20

Chip boom bonuses spark fairness debate at Samsung, SK hynix

Korean semiconductor companies, like Samsung Electronics and SK hynix, are facing backlash over their bonus systems amid record paychecks. Employees express concerns that uniform compensation fails to reflect individual contributions.

2026-04-20

KBO to offer extra bonus for WBC, raise minimum salary

The Korean baseball league announced Thursday it will offer extra cash bonuses for the national team for this year's World Baseball Classic.

2026-01-29

Samsung faces first-ever majority labor union as burning resentment over bonuses drives membership

Samsung Electronics faces rapid union growth as engineers express dissatisfaction over bonus structures despite record profits, potentially leading to the formation of a majority labor union.

2026-01-14

Labor union urges overhaul of Samsung's bonus calculation system

The National Samsung Electronics Union (NSEU), the company’s largest labor union, has formally demanded that management adopt a bonus system tied to operating profit, similar to the one recently agreed to at SK hynix.

2025-09-05

Improving corporate culture is first

Cash rewards are great. But what’s more important is to create a work environment friendly toward family life.

2024-02-20

Lee Mu-jin to hold 1st overseas solo concert in Los Angeles in January

Singer-songwriter Lee Mu-jin will hold his first overseas solo concert in Los Angeles on Jan. 27, his agency Big Planet Made Entertainment said Monday.

2023-12-11

Hefty bonuses at financial companies (KOR)

Financial companies should be self-reflecting and self-regulating so as not to lose consumer confidence.

2023-07-26