On May 20th, South Korea's Samsung Electronics' wage negotiation talks announced their collapse again today, and a strike will be held as scheduled starting tomorrow (Thursday). According to Yonhap News Agency and union statements, Samsung Electronics Korea Union confirmed that after the mediation discussions between the union and management officially ended, a strike will be held as planned on Thursday.

The union stated that the negotiations broke down due to management’s decision delays and issued a statement saying they accepted the mediator’s proposal, while management did not respond in a timely manner. Both the union and management separately confirmed the termination of negotiations. However, even if the strike action proceeds, efforts to resolve the issue through negotiations will continue. Samsung Electronics executives said they are unsure whether further negotiations will take place before the strike.

Additionally, market information shows that Samsung Electronics' stock price has fallen 4.4% today.

Analyst Eamonn Sheridan pointed out that the market will closely watch which factories and product lines are affected, and how long the strike is expected to last. The union stated that they will continue to seek an agreement even during the strike, indicating that the dispute might be resolved relatively quickly, but the breakdown of mediation after the union accepted the mediator’s proposal has shifted market focus firmly onto management. #30年期美债收益率突破5%