Over 47,000 Samsung Electronics workers set to strike as wage talks break down, sending shares lower

Key points

• TOPSHOT - Members of the Samsung Electronics labour union hold signs reading "Change it to be transparent!" as they stage a mass rally demanding the removal of a cap on performance bonuses, outside the company's foundry and semiconductor factory in Pyeongtaek on April 23, 2026. (Photo by Jung Yeon-je / AFP via Getty Images) A strike involving more than 47,000 Samsung Electronics workers will begin on Thursday after wage negotiations between the company and its union broke down, sending shares of the South Korean chip giant falling 3%.
• The union had agreed to the mediation proposal from South Korea's Labor Relations Commission, but Samsung Electronics rejected it, the government body said.
• Choi Seung-ho, the spokesperson for the labor union, said in a statement Wednesday that Samsung had requested more time for negotiations.
• However, the company said on Wednesday at 11 a.m.
• local time that "no decision has been made," Choi...