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IT Home reported on July 23 that according to Yonhap News Agency, people familiar with the matter said that the ninth round of wage negotiations between Samsung Electronics and its largest labor union, the National Samsung Electronics Union (NSEU), on Tuesday ended in failure again. This was the first face-to-face negotiation between the two sides since the union went on a full strike on July 8.

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It is reported that the negotiations were attended by Son Woo-mok, the president of the labor union, and Kim Hung-ro, vice president of Samsung Electronics. Although the negotiations lasted for nearly 8 hours, no significant progress was made, and the two sides still had major differences on key issues such as wage increases and labor union rights.

Samsung proposed a 5.1% wage increase and emphasized the establishment of a mutually beneficial and win-win labor-management relationship.The union demanded a 5.6% increase in the basic salary of all members, a day off on the union's anniversary, improvements to the bonus system, and compensation for the economic losses caused by the strike.。

IT Home noted that although the strike has lasted for more than two weeks, Samsung Electronics, the world's largest memory chip manufacturer, said the strike had little impact on production. However, the long-term strike has raised concerns that the competitiveness of South Korea's key semiconductor industry may decline.

It is reported that NSEU has a total of 31,000 members, accounting for about 24% of Samsung Electronics' 125,000 employees.