The deal will pay some workers in Samsung’s highly profitable memory chip unit around $416,000 this year, while employees in other chip units will receive less, and those in its consumer electronics divisions are set to receive very little by comparison. Payouts are pegged to Samsung hitting profit milestones through 2028. [Link: Samsung workers approve pay deal, shares surge | https://www.reuters.com/business/world-at-work/samsungs-unionised-workers-south-korea-approve-wage-deal-2026-05-27/ | Reuters]

The new deal, still being voted on, ensures enormous bonuses for memory chip workers but much smaller payouts for everyone else. Two Samsung unions take issue with that: one says…

Non-chip employees tried to block the vote, but a South Korean court has dismissed the injunction.