Negotiations have once again broken down, and Samsung Electronics will go on strike as scheduled starting tomorrow. Samsung's stock price has dropped over 4%.

BlockBeats News, May 20th - Today, in a renewed setback, Samsung Electronics' salary negotiation talks in South Korea have collapsed once again, and a strike will proceed as scheduled starting tomorrow (Thursday). According to Yonhap News Agency and the union's statement, Samsung Electronics' South Korean union has confirmed that the strike will take place on Thursday as planned after the mediation discussion between the union and management was officially terminated.

The union stated that the negotiation broke down due to management's decision delay and issued a statement confirming acceptance of the mediator's proposal, which was not promptly responded to by the management. Both the union and management have separately confirmed the end of the negotiation. However, even as the strike proceeds, efforts to resolve the issues through negotiation will continue. Samsung Electronics executives have stated that it is uncertain whether further negotiations will take place before the strike.

According to market data, Samsung Electronics' stock price has already fallen by 4.4% today.

Analyst Eamonn Sheridan pointed out that the market will closely monitor which factories and product lines are affected and how long the strike is expected to last. The union has stated that it will continue to seek an agreement even during the strike, indicating that the dispute may be resolved relatively quickly. However, the breakdown of the mediation after accepting the mediator's proposal has shifted the market's focus squarely to the management.