The tentative deal, which involves 12% of profits being paid out as a bonus to employees over a 10-year period, will now go to a vote among over 70,000 union members at the Korean chipmaker

South Korea’s government stepped up pressure on Samsung Electronics and its union to avert a strike that officials say could cost the economy billions.

Samsung Electronics and its labor union continued government-mediated talks Monday, as both sides sought a last-minute breakthrough ahead of a strike planned fo

While crisis has put South Korea on edge, government threatened to order arbitration

Samsung Electronics management and its labour union resumed negotiations on Wednesday ahead of a threatened 18-day strike by nearly 48,000 workers starting Thursday.

Samsung faces an 18-day strike after failed wage negotiations, threatening global semiconductor supply and the South Korean economy.