Korean Court: Samsung Union to Face Daily Fine of About 100 Million Korean Won if Order Not Followed

BlockBeats News, May 18th, a South Korean court stated that if the Samsung union fails to comply with the court order, it will be fined approximately 100 million South Korean won per day. In earlier news, a South Korean court partially approved Samsung Electronics' request for an injunction against the union's planned strike, with the strike expected to fade away.

The Samsung Electronics union had earlier decided to launch an 18-day general strike starting on May 21st. The main reason is to achieve more profit-sharing in the company's AI semiconductor business by the historically high-profit year of 2026. The union is demanding the removal of the performance bonus cap, setting aside 15% of the company's operating profit as a source of performance bonuses and institutionalizing and making the process transparent. They also seek a 7% increase in the base salary to narrow the wage gap with their competitor SK Hynix. The Samsung management, however, is only willing to offer a one-time special bonus or a limited profit-sharing plan of 10%, refusing to permanently change the system due to concerns about increasing long-term operating burdens, impacting competitiveness and shareholder interests.

According to Bitget market data, influenced by the fading strike expectations, Samsung Electronics (005930.KS) surged over 6.5% intraday.