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Samsung Electronics Falls 6.1% on Failed Wage Deal, May 13

GateNews

2026-05-13 07:11:45

According to CNBC, Samsung Electronics shares fell 6.1% on May 13 after the company failed to reach a wage deal with its union, briefly erasing about 99.1 trillion won (US$66.2 billion) in market value. The union said more than 41,000 workers could join an 18-day strike from May 21. The union is demanding bonuses set at 15% of operating profit with no payout caps, while Samsung’s management offered 10% plus a one-time payment. South Korea’s finance minister and prime minister urged both sides to continue negotiations and avert a strike.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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