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PM issues warning over planned Samsung Electronics strike, vows all measures including emergency arbitration

Korea Times Southkorea South Korea
PM issues warning over planned Samsung Electronics strike, vows all measures including emergency arbitration
Prime Minister Kim Min-seok on Sunday welcomed the planned resumption of dialogue between Samsung Electronics and its labor union amid a looming strike, while warning that the government will consider every possible measure, including emergency arbitration, to minimize potential damage to the national economy. Kim made the remarks in a public statement addressed to the nation, as labor and management have decided to resume government-led mediation talks Monday, just four days ahead of a planned walkout. The two sides have remained widely divided over performance-based bonuses tied to the company's earnings from the artificial intelligence (AI)-related semiconductor business, and the company's largest labor union plans to begin the 18-day strike starting Thursday. "The government sincerely welcomes the decision to resume dialogue," Kim said. "Monday's negotiations are effectively the last opportunity to prevent a strike. Both labor and management must never take the gravity of this meeting lightly." Noting that a possible strike could cause serious damage to the national economy, Kim said
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