[Breaking] Industry Minister Kim Jungkwan: "Are Samsung Electronics' Profits Only for Labor and Management... The Community Must Be Considered"

On April 14th, the Korea Trade Insurance Corporation and Woori Bank held a financial support agreement ceremony to strengthen the export supply chain of K-consumer goods at the Korea Trade Insurance Corporation in Jongno-gu, Seoul. Kim Jung-gwan, Minister of Trade, Industry and Energy, who attended the ceremony, delivered a greeting. 2026.04.14 Photo by Yoon Dongju

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On April 27, Kim Jung-gwan, Minister of Trade, Industry and Energy, commented on the Samsung Electronics union's planned strike, stating, "There needs to be consideration as to whether Samsung Electronics' profits belong solely to management and workers."

During a press briefing at the Government Complex Sejong that day, Minister Kim emphasized, "Since this is an industry that is connected to partner companies, shareholders, and even the nation, it cannot be viewed as a simple labor-management issue," and urged, "Given the importance of the semiconductor industry, labor and management should make a mature decision."

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