A group of shareholders of Samsung Electronics protest with signs at a rally held in front of Samsung Electronics Chairman Lee Jae-yong's residence in central Seoul, Thursday. The group vowed to take legal action against the tentative wage deal reached between the company and its labor union a day earlier. Yonhap
A group of shareholders of Samsung Electronics on Thursday called the tentative wage deal struck between the company and its labor union illegal, vowing to take legal action against it.
Late Wednesday, Samsung and its largest labor union reached a last-minute wage agreement over performance-based bonuses, averting a planned 18-day strike that had been scheduled to begin Thursday.
"(It) is legally void unless it goes through a general shareholder meeting resolution process," the group said in a rally near the home of Samsung Electronics Chairman Lee Jae-yong in central Seoul.
In the event a board resolution for the tentative deal is proposed, the group said it would file a lawsuit seeking its nullification, as well as a court injunction to block it.
