Individual shareholders step up criticism of Samsung labor unions

Individual shareholders of Samsung Electronics are raising their voices against a planned strike by the company's labor unions, warning of legal action if the walkout violates the law and causes damage. A Samsung Electronics individual shareholder group, whose name roughly translates in English to the “Republic of Korea Shareholder Activism Headquarters,” said Thursday that it will take “stern shareholder actions” against the unions, while urging lawmakers to increase efforts to protect shareholders’ rights. “If an illegal strike takes place or management reaches an unfair agreement with the unions, we will take comprehensive shareholder actions,” Min Kyung-kwon, head of the group, said during a press conference at the National Assembly in Seoul. “If excessive strike actions by the unions damage the company’s core assets, shareholders will coordinate through online platforms and respond firmly.” The warnings came in response to the unions' plan to launch a massive strike May 21 demanding the company remove a cap on performance-based bonuses and allocate bonuses equalWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times