Samsung Electronics Union Announces Rally in Front of Chairman Lee Jae-yong's Residence on First Day of General Strike

Rally Reported in Front of Chairman's Residence on First Day of Strike

Pressure on Management Continues After 40,000-Member Resolution Rally

Union: "Strike Could Lead to Losses of Up to 30 Trillion Won"

As the Samsung Electronics labor union moves toward a general strike, the union has announced a rally in front of the residence of Samsung Electronics Chairman Lee Jae-yong on the first day of the strike scheduled for next month.

According to industry sources on April 24, the Joint Struggle Headquarters of the Samsung Electronics labor union has reported plans to hold a rally in front of Chairman Lee Jae-yong's residence on May 21. The union intends to announce the scale of the strike and future action plans on the first day of the strike. The reported number of participants for the rally is approximately 50 people.

This is interpreted as an effort to escalate pressure following the previous day's resolution rally, which was attended by more than 40,000 union members. Earlier, on April 3, the union had announced plans to hold a press conference in front of Chairman Lee's residence during ongoing negotiations, but canceled it after Jeon Young-hyun, head of the semiconductor (DS) division, proposed talks.

The union plans to launch a general strike from May 21 to June 7, lasting a total of 18 days. According to the union, if the strike materializes, it predicts losses of about 1 trillion won per day, with total losses of at least 20 trillion to 30 trillion won over the 18-day period.

On the 23rd, union members are shouting slogans at the Samsung Electronics Labor Union Joint Struggle Headquarters' 'Change Transparently and Achieve the Abolition of the Cap - 4/23 Struggle Resolution Rally' held in front of the Samsung Electronics Pyeongtaek Campus in Pyeongtaek, Gyeonggi-do. Yonhap News.

The Samsung Electronics Branch of the Super Enterprise Labor Union, which became the first majority union at Samsung Electronics, held a large-scale resolution rally at the Samsung Electronics Pyeongtaek Campus in Gyeonggi Province on the afternoon of the previous day. With over 40,000 union members attending the rally, there are now observations that the union has secured the momentum to push ahead with an actual general strike.

If a general strike occurs at Samsung Electronics, it would be the company's second strike since its founding in 1969, following a 25-day general strike in July 2024. The union maintains its position that, like SK hynix, the cap on performance bonuses should be abolished and 15% of the company's annual operating profit should be allocated to performance bonuses. On the other hand, some in the industry are concerned that if a general strike becomes a reality, semiconductor production lines could be halted, resulting in delayed deliveries and disruptions in supply to clients, which would negatively impact production.

This content was produced with the assistance of AI translation services.