Samsung Electronics says union's demand for pay increase was unacceptable-July 2024-www.financetom.com

Samsung Electronics says union's demand for pay increase was unacceptable

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Samsung Electronics says union's demand for pay increase was unacceptable

May 19, 2026 8:38 PM

SEOUL, May 20 (Reuters) - Samsung Electronics ( SSNLF )

said in a statement on Wednesday that the company

could not accept the South Korean union's demand for a pay

increase, after the two sides failed to reach a deal during

government-mediated negotiations.

The company said the size of the increase that the union was

demanding at a loss-making division was unacceptable.

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