On Monday, approximately 1,200 members of the National Samsung Electronics Union (NSEU) participated in a large rally in Yongin, South Korea, as their striking action enters its third week. The demonstration was held at the Giheung campus, following initial wage negotiation discussions between the union and Samsung last Friday.
The indefinite strike commenced on July 8 after earlier efforts to secure improved workplace conditions and benefits fell short. While the NSEU represents over 30,000 workers, the exact number of striking employees remains unclear. This action is noted to be the largest strike in Samsung’s history.
Samsung Electronics anticipates a significant increase in second-quarter revenue, projected to rise by more than 1,450% year-over-year, largely due to the growing artificial intelligence sector. The company also reported a tenfold increase in profits for the first quarter of 2024. Despite these financial successes, the NSEU has highlighted that employees have not seen corresponding pay raises.
Many participants in the strike work at Samsung’s foundry, which is known for producing some of the most advanced computer chips globally. Experts indicate that Samsung has a challenging history with union negotiations, often displaying a resistance towards organized labor.
Vladimir Tikhonov, a professor of Korean studies at the University of Oslo, noted that if Samsung workers are successful in their strike, it could inspire labor movements across South Korea.