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00:02Nearly 48,000 Samsung Electronics workers prepared to strike after bonus payment negotiations collapsed, according to Yonhop News.
00:10The Samsung Labor Union announced an 18-day strike starting May 21st after talks failed to resolve disputes over bonus
00:18distribution for loss-making units and formalizing any agreement.
00:22Both sides agreed to remove bonus caps tied to 50% of annual salary, but remained divided on other issues.
00:30Samsung stated the union's demands on loss-making unit bonuses were unacceptable, while pledging to continue dialogue.
00:38South Korean President Lee Jae-myung criticized unions demanding a share of operating profit before taxes.
00:44Industry officials warned a full-scale strike could cost South Korea's economy up to $66.98 billion.
00:52A Morningstar analyst estimated an 18-day strike could cut Samsung's 2026 operating profit by about 5%.
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