Bloomberg/Getty Images
Samsung Electronics and LG Uplus signed a memorandum of understanding on 27 May to jointly develop Integrated Sensing and Communication, or ISAC, a technology that would allow mobile network base stations to double as environmental sensors. The agreement was signed at LG Science Park in Magok, Seoul, with Samsung Research, the advanced R&D division within […]
Samsung’s 10.5%-of-profit bonus formula is only the second written profit-share agreement at a major Korean firm. Kakao’s union is already asking for more. Samsung Electronics’ unionised workforce voted in favour of the government-mediated pay agreement on Wednesday, formally closing the deal that narrowly survived an injunction filing from a smaller non-chip union on Tuesday. The vote […]
Samsung Electronics will invest 39 trillion dong, or about $1.5bn, in a semiconductor testing plant in Vietnam, according to a document seen by Reuters on Wednesday. Construction has already begun in an industrial park 60 kilometres north of Hanoi, with operations scheduled to start in November 2027. The plant will be Samsung’s first dedicated chip-testing […]
Samsung workers almost went on an 18-day strike over bonuses. Now, chip workers are getting payouts of up to $400,000.
Samsung workers in Korea are set to walk off their jobs on May 21 after failing to reach an agreement with the company.
Talks resumed in Sejong on Monday. Choi Seung-ho walked into the National Labor Relations Commission building in Sejong on Monday morning, about 110 km south of Seoul, and told reporters he would ‘participate in this second round in good faith’. The head of Samsung Electronics’ largest union, on Friday’s evidence, had been preparing to talk […]
Samsung Electronics and its largest labour union will resume negotiations on Monday in what South Korean Prime Minister Kim Min-Seok has described as “virtually the last chance” to prevent an 18-day strike at the world’s biggest memory chipmaker. If the talks fail, the union’s 41,000 confirmed participants, a number expected to exceed 50,000, will walk […]
Cheng Xin/Getty Images
The company dropped its preconditions on Friday. The NSEU said it would hear new offers from 7 June, three days after the planned 18-day walkout ends. Samsung Electronics asked its largest union on Friday to come back to the bargaining table without conditions. The union said yes, eventually. Talks could resume on 7 June, the […]