Samsung Electronics Union Approves Tentative Wage and Collective Agreement... 87.7% in Favor

Includes an Average Wage Increase Rate of 5.1%
Joint Labor-Management Task Force to Operate and Share Improvement Details

The 2025 wage and collective bargaining agreement between Samsung Electronics labor and management was finalized on the 5th.

Samsung Electronics Seocho Building, Seocho-gu, Seoul Photo by Yonhap News

The National Samsung Electronics Labor Union (Jeonsamno) announced that from the 28th of last month until this day, a vote was held on the tentative wage and collective bargaining agreement, with 22,132 out of 31,243 members participating (voter turnout 70.84%). The agreement was approved with 19,412 votes in favor (87.71%) and 2,720 votes against (12.29%). The tentative agreement includes an average wage increase rate of 5.1% (base increase rate 3.0%, performance increase rate 2.1%) and the provision of 30 company shares to all employees. Additionally, a system will be institutionalized to rehire employees with three or more children after retirement.

Samsung Electronics labor and management will operate a joint task force (TF) to improve the performance bonus system and plan to share improvement details semiannually.