# Samsung and its South Korean union have reached a tentative pay deal.

*business · news · 2026-05-21 · The Hindu*

## Key points

- Samsung and its South Korean union reached a tentative pay deal, suspending the planned 18-day strike.
- The pay proposal includes performance bonuses in company stock instead of cash to reduce immediate costs.
- The tentative agreement will be put to a union vote between May 22 and 27.
- Investors expect Samsung to incur higher labor cost provisions, potentially impacting operating profit.

**Companies:** Samsung Electronics
**Countries:** South Korea

[Read the full story on The Hindu](https://www.thehindu.com/sci-tech/technology/samsung-electronics-shares-jump-after-tentative-wage-deal-suspends-strike/article71004738.ece)

---

Canonical: https://newsio.io/n/fec24410-8bf8-456a-9a73-8beea5e23671/samsung-and-its-south-korean-union-have-reached-a-tentative-pay-deal-the-union-s
Summarized by Newsio from The Hindu. https://newsio.io/how-it-works