On the 21st, Samsung Electronics shares topped 300,000 won for the first time ever on news that labor and management dramatically reached a tentative agreement an hour and a half before a planned general strike.
As of 9:14 a.m. that day on the Korea Exchange, Samsung Electronics was trading at 295,000 won, up 14,500 won (5.25%) from the previous session. Early in the session, it surpassed 300,000 won to set a new all-time high.
The previous day, labor and management at Samsung Electronics signed the "2026 wage agreement tentative deal" after last-minute negotiations. Accordingly, the union joint struggle headquarters notified members that night with "Struggle Guideline No. 3," saying, "The general strike scheduled from May 21 will be put on hold until further notice."
While maintaining the existing OPI performance incentive system, labor and management newly created a "special management performance bonus" for the DS (Device Solutions) division in charge of semiconductors and clarified the payment criteria.
According to the agreement, the funds for the DS division's special management performance bonus will consist of 10.5% of business performance and other metrics selected by mutual agreement between labor and management. In particular, they agreed not to set a cap on the payout rate, opening the way for exceptional rewards based on performance.
Labor and management set the application period for the DS division's special management performance bonus at the next 10 years and established specific operating profit targets by period. From 2026 to 2028, the bonus will be paid each year when the DS division achieves 200 trillion won in operating profit, and from 2029 to 2035, it will be paid each year when operating profit reaches 100 trillion won.