Samsung Display said on the morning of the 24th it held a ceremony to sign the 2026 wage agreement at Samsung Display Research (SDR) on its Giheung Campus in Gyeonggi Province.
This year's average wage increase rate was set at 6.2% (a 4.1% base increase and a 2.1% performance increase). The agreement also includes the introduction of three days of long-service leave every five years (5, 15, 25, 35 years), the introduction of dwellings lend for those without homes, a reduction in fixed OT (overtime) hours (14 hours→12 hours), and a bonus package worth 4 million won including points for the company's online store.
Management and labor began negotiations in January and reached a tentative agreement on a wage deal on the 13th after several rounds of talks. In a vote held among union members from the 18th to the 22nd, more than 87% of all eligible members participated, and the agreement passed with 80.59% in favor.
Samsung Display's management and union said, "Both sides were able to produce a good outcome after negotiating with an open mind and thinking of the employees," adding, "We will continue a cooperative relationship of mutual understanding and consideration for the company's sustained growth and the happiness of its members."