Samsung union suspends strike after reaching tentative deal on bonuses
Samsung's largest labor union in South Korea has suspended a planned strike after reaching a tentative agreement with the company regarding bonuses. The union, representing nearly 48,000 workers, will vote on the agreement from May 22 to 27. The deal includes the removal of a bonus cap and a commitment to allocate 10.5 percent of annual operating profits to employee bonuses.
- ▪The strike was set to begin on May 21 and would have lasted for 18 days.
- ▪Samsung has agreed to abolish the cap on bonuses and allocate 10.5 percent of its annual operating profits for employee bonuses.
- ▪40 percent of the bonus pool will go to workers in the memory chip division, which is Samsung's largest revenue source.
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News Samsung union suspends strike after reaching tentative deal on bonuses The strike would have impacted Samsung's memory chip production. By Mariella Moon May 21, 2026 1:32 am EST Chung Sung-jun/Getty Images Samsung's largest labor union in South Korea has suspended the strike that was set to begin on May 21 after reaching a tentative deal with the company. Nearly 48,000 workers would have walked out for the strike, which was scheduled to last for 18 days. And since most of those workers belong to Samsung's memory division, its biggest moneymaker, it could have had a huge financial impact on the company and on South Korea as a whole. Union leader Choi Seung-ho has announced that the unionized workers will vote on the tentative agreement from May 22 to 27.
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