Samsung Electronics' board chairman urges union to resolve pay disputes


FILE PHOTO: A Samsung Electronics logo and a computer motherboard appear in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

SEOUL, May ⁠5 (Reuters) - The board chairman of ⁠Samsung Electronics has urged unionised workers ‌to resolve pay disputes with management, warning that a planned strike could hurt investors ​and employees and have "serious ⁠consequences" for the ⁠Korean economy.

In an internal memo to ⁠employees ‌on Tuesday, Shin Je-yoon said he was "worried about losing market ⁠leadership amid fleeing customers and falling ​competitiveness" ‌if strikes disrupted deliveries and production, ⁠according ​to a Samsung statement.

Such disruption at the chipmaker, South Korea's largest company ⁠by revenue, could trigger ​capital outflows, a drop in national tax revenue, and a weakening of ⁠the won currency, he said.

"It's time to resolve the problem through sincere dialogue," Shin said.

Unions at the ​chipmaking giant have threatened ⁠industrial action to secure a bonus ​increase, with plans ‌to strike for 18 ​days from May 21.

(Reporting by Heejin KimEditing by Ed Davies)

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