Samsung Electronics and the South Korean government are urging the labor union to resume negotiations after wage talks collapsed. The union rejected a mediation proposal from the National Labor Relations Commission and is demanding greater transparency in the company's bonus structure. An 18-day strike is currently scheduled to begin on May 21.
Samsung's stock price rose 3.4% on Thursday as investors anticipate a last-minute resolution. Market participants largely view the strike threat as a negotiating tactic rather than a long-term disruption.
South Korea's finance minister warned that a prolonged walkout could damage the nation's export-driven economy. The country relies heavily on semiconductor shipments to maintain economic growth.