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Samsung Electronics’ union says to enter mediation over wage dispute

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By Reuters | Updated: May 8, 2026

SEOUL, May 8 (Reuters) – Samsung ​Electronics’ (005930.KS) union said on Friday it will enter ‌a mediation process with the company on May 11 and 12 over a wage dispute that has ​threatened to escalate into a full-blown strike ​at the company.

If dissatisfied with the outcome ⁠of the mediation, the union said in ​a statement it was prepared to go ahead with ​a planned general strike.

Unions at the chipmaking giant have been taking industrial action in a bid to ​secure a bonus increase and have threatened ​to strike for 18 days from May 21.

Negotiators from the ‌union, ⁠management and the government met on Friday, with Labour Ministry officials pledging “full support” for talks between the two sides, the union ​said.

Shares of Samsung ​Electronics jumped ⁠2.6% in after-hours trading in Seoul.

Samsung Electronics and the Labour Ministry ​did not immediately respond to a ​request ⁠for comment.

Earlier this week, Samsung’s board chairman called upon the unionised workers to resolve pay disputes ⁠with ​management, warning that a ​planned strike could have “serious consequences” for the Korean economy.

Reporting by ​Hyunjoo Jin and Heekyong Yang Editing by Ed Davies

© Thomson Reuters 2026