US Top News and Analysis | Samsung Electronics shares rally 6% after union suspends strike following tentative wage deal

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Samsung Electronics’ shares jumped more than 6% after the company’s labour union halted an 18‑day strike, agreeing to a tentative wage deal that will be voted on by members from May 22‑27. The provisional agreement, brokered by South Korea’s labour minister, allocates 40% of the bonus pool to the highly profitable chip division and 60% to other units, links bonuses to operating profits, and removes a cap on performance bonuses, with part of the special bonuses funded by stock over ten years if profit targets are met. The settlement eased concerns about potential disruptions at South Korea’s biggest exporter—Samsung accounts for roughly 23% of the nation’s exports and 26% of its market cap—and came as broader optimism in semiconductor stocks rose after Nvidia’s strong quarterly results.

Read more: https://www.cnbc.com/2026/05/21/samsung-electronics-union-strike-suspended-wage-deal-bonuses.html

#SamsungElectronics #KimYounghoon #SouthKorea #labourunion #chipdivision #KimYounghoon

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