Samsung Elec, South Korea union to resume pay talks on Monday, union says


Samsung Electronics Chairman Jay Y. Lee attends a meeting with Chinese President Xi Jinping (not pictured), at the Great Hall of the People in Beijing, China March 28, 2025. REUTERS/Florence Lo

SEOUL, May 16 (Reuters) - ⁠Samsung Electronics and its South Korean labour union will resume pay talks ⁠on Monday with a government mediator, the union said, in a ‌move that could ease concerns over a potentially disruptive strike at the tech giant.

The union said in a statement on Saturday that Samsung Electronics had replaced the company's representative for the negotiations, while the ​two sides would have a separate meeting later ⁠on Saturday.

The union did not elaborate ⁠on Saturday's agenda. Samsung Electronics declined to comment on either meeting.

The announcement came shortly ⁠after ‌Samsung Electronics Chairman Jay Y. Lee apologised to customers and the public over the labour dispute in his first public comments on the issue.

"I ⁠sincerely apologise to customers around the world for causing ​anxiety and concern due ‌to issues within our company," Lee said in his first public remarks ⁠on the dispute, ​adding that he also "deeply bows in apology to the public".

The union leader said the new company negotiator apologised for a breakdown in trust and pledged to engage sincerely in negotiations. ⁠He added that he conveyed his frustrations and ​would make every effort if Monday’s talks prove constructive.

After pay negotiations broke down this week, the labour minister met Samsung Electronics management on Saturday and urged the company to ⁠take an active role in resolving the dispute through dialogue.

South Korean government officials, including the prime minister and finance minister, have voiced concerns that a strike at Samsung should be avoided at all costs, warning it could pose significant risks to ​economic growth, exports and financial markets.

The collapse of the ⁠government-mediated negotiations heightened concerns about a strike at the world's biggest memory chipmaker, whose customers ​include Nvidia, AMD and Google.

The union said on Friday it ‌remained committed to a planned strike starting ​next week, even after the company proposed resuming pay talks without conditions.

(Reporting by Heekyong Yang; Editing by Tom Hogue, William Mallard and Louise Heavens)

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