In South Korea, a significant rally was held on Monday by approximately 1,200 members of the National Samsung Electronics Union (NSEU) as part of an ongoing strike demanding improved working conditions and better wages. The protest, which took place at the company’s Giheung campus in Yongin, marks the third week of action against Samsung, leading to heightened attention on labor rights within the technology sector.
This major demonstration came after initial wage negotiations between the union and Samsung took place last Friday. The NSEU called for an indefinite strike on July 8 when previous discussions failed to result in sufficient workplace improvements.
While the NSEU represents over 30,000 employees, the exact number participating in the indefinite strike remains unclear. Nonetheless, this strike is recognized as the largest in Samsung’s history, highlighting the workers’ determination to advocate for their rights.
Despite Samsung’s forecast of a staggering 1,450% year-over-year increase in second-quarter revenue, largely driven by an AI boom, workers claim to be excluded from the financial benefits. The union asserts that employees have not seen any corresponding pay raises, even as profits reportedly surged over tenfold in the first quarter of 2024. Many striking workers are employed in Samsung’s foundry, renowned for producing some of the world’s most advanced computer chips.
Samsung has faced criticism for its alleged hostility toward union formation and its limited experience in negotiating with workers. Experts suggest that if the Samsung workers achieve their goals, it could serve as a significant boost for labor movements across South Korea.
This situation underscores the importance of equitable growth where employees benefit from the company’s success. A successful resolution for the union could invigorate support for labor rights in South Korea, promoting a more balanced relationship between corporations and their workforce. The actions taken by the NSEU may inspire other organizations to advocate for fair treatment and better pay for their employees.