South Korea’s Deputy Prime Minister and Minister of Economy and Finance, Koo Yun-cheol, firmly stated that a strike at Samsung Electronics must never occur.
Government Expresses Regret Over Stalled Negotiations
On May 13, Koo shared his views on his personal X account, noting the government’s deep disappointment that labor-management talks at Samsung Electronics failed to reach an agreement despite follow-up mediation efforts. “The government views this outcome with great regret,” he emphasized.
Koo highlighted Samsung Electronics as a vital company drawing global attention. He urged both labor and management to engage in principled negotiations, carefully weighing the firm’s current business conditions, impacts on the national economy, and broader implications. “Both sides must uphold principles and elevate their efforts accordingly,” Koo asserted.
Commitment to Resolution
Despite the setback, Koo affirmed the government’s unwavering support. “No matter the circumstances, we will back principled talks until the issue resolves,” he declared.
Background on Mediation Breakdown
The follow-up mediation process, which began on May 11, concluded without success at 2:50 a.m. on May 13. Although the session ended in deadlock, both parties agreed to proceed with a second round overseen by the Labor Relations Commission.
With mediation failing, observers anticipate the Samsung Electronics union will push forward with its planned general strike on May 21.
