News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
Samsung Union Strike Deferred on Prelim Pay Deal; KOSPI Leaps 5%+
Samsung management and labor representatives signed a Preliminary Agreement on 2026 Performance Bonuses yesterday (20th), Yonhap News Agency reported. The Samsung union announced t...
Reset
Send
The window will close in 5 seconds
Samsung Union Strike Deferred on Prelim Pay Deal; KOSPI Leaps 5%+
Close
Recommend
8
Positive
18
Negative
6
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get 1 Intel/Selected Gold ETF share!

Samsung management and labor representatives signed a Preliminary Agreement on 2026 Performance Bonuses yesterday (20th), Yonhap News Agency reported.

The Samsung union announced that the general strike originally scheduled from May 21 to June 7 will be deferred until further notice. All union members will vote tomorrow (22nd) on the provisional proposal for the 2026 wage agreement.

Related News Citi Raises Micron Technology, Inc. (MU.US) TP to USD840, Expects Further HBM Price Hikes Next Year
KOSPI spiked 5.5% this morning (21st) to 7,604. The two heavyweight stocks advanced, with Samsung Electronics (005930.KS) leaping more than 5% to KRW290,250, and SK Hynix (000660.KS) rallying more than 4% to KRW1.819 million.

Under the agreement, Samsung will maintain its current year-end performance bonus scheme, while introducing a special semiconductor performance bonus for its Semiconductor & Device Solutions division.

Samsung will allocate 10.5% of its results performance as special bonuses. If the "performance" stipulated in the agreement refers to operating profit, employees could receive up to approximately KRW540 million (approximately USD360,000) per person in performance bonuses in the form of treasury shares.

Related News M Stanley Raises SK Hynix TP to KRW2.6 million and Lifts EPS Forecasts

Auto-translated by AI
View Original Text
This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.