labor deal Archives | Be Korea-savvy

Samsung Electronics, Labor Union Sign First-ever Wage Deal

SEOUL, Aug. 10 (Korea Bizwire) — Samsung Electronics Co.’s management and its union signed an annual wage deal Wednesday, the first of its kind since the company’s foundation more than five decades ago. The world’s largest memory chip and smartphone maker and its union reached an agreement on a 9 percent pay raise for 2022 [...]

Labor Deal Reached After FineTek Workers’ Sit-in Protest atop Smokestack

SEOUL, Jan. 11 (Korea Bizwire) — The labor union of FineTek, a maker of display equipment, and the management reached a labor deal Friday after two workers staged a sit-in on top of a smokestack at a power plant for more than a year in protest of layoffs. Two of five FineTek unionized workers had [...]