South Korea Faces Potential Samsung Strike Crisis Over Bonuses
A looming strike by 50,000 Samsung Electronics workers over a $400,000 bonus threatens a major labor dispute in South Korea. The government is under pressure to resolve the crisis, which could have significant economic repercussions.
In South Korea, the clock is ticking on what threatens to become the most consequential labour dispute in recent history β and Seoul is running out of patience. With 50,000 workers at Samsung Electronics poised to walk off the job on Thursday in an 18-day strike, the government of President Lee Jae Myung finds itself cornered by a crisis it cannot afford to mishandle, with up to 100 trillion won (US$66.7 billion) in projected economic damage on the line, plus the potential disruption to global.....