▲ A group of shareholders of Samsung Electronics Co. hold a rally criticizing a tentative wage agreement struck between the company and its labor union near the home of Samsung Electronics Chairman Lee Jae-yong in central Seoul on May 21, 2026. (Yonhap)

Samsung Electronics-shareholders

Group of Samsung Electronics shareholders vows legal action against tentative wage deal with union

SEOUL, May 21 (Yonhap) -- A group of shareholders of Samsung Electronics Co. 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.

Under the tentative deal, Samsung will allocate a special semiconductor performance bonus equivalent to 10.5 percent of business performance earnings, without a cap. The agreement will undergo a vote by union members from Friday through Wednesday.

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