A person walks in front of Samsungn Electronics' office in Seocho District in southern Seoul on May 18. [NEWS1]
Samsung Electronics and its labor union resumed negotiations at 4 p.m. on Wednesday.
Labor Minister Kim Young-hoon is personally mediating the talks taking place at the Ministry of Employment and Labor's Gyeonggi regional office, the ministry said.
Earlier on Wednesday, talks between Samsung Electronics' labor and management collapsed, with both sides failing to reach an agreement on the mediation proposal put forward by the National Labor Relations Commission.
Management rejected the proposal, with the sticking point being bonus distributions for loss-making divisions.
The company argued that the union's demand to distribute a significant portion of bonuses to loss-making divisions “directly contradicts the company's core management principle that rewards must be tied to performance.”
Labor Minister Kim Young-hoon speaks during an event at the R.ENA Convention Center in Jung District, central Seoul, on May 6. [YONHAP]
This article was originally written in Korean and translated by a bilingual reporter with the help of generative AI tools. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by our newsroom.
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