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The Korea Herald

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Samsung's top union loses majority status after chip-heavy bonus deal

Samsung Electronics' largest labor union has lost its majority status just two months after winning legal recognition, as workers in the company's non-chip division quit to protest a wage deal that favored semiconductor employees. The Samsung Electronics branch of the Samsung Group Employees' Union had 58,270 members as of 3 p.m. on Thursday, according to the union. That is down by nearly 18,000 from more than 76,000 at the end of April, when it held a rally to vote on a strike. Samsung Electron

The Korea Herald

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Court rejects arrest for business owner accused of assaulting immigrant workers

A police request to arrest a business owner accused of repeated assault on his employees has been turned down by a local court, officials said Friday. The Incheon District Court rejected the warrant request for the suspect in his 30s who allegedly assaulted four Bangladeshi workers, according to the Incheon Seobu Police Station. The court cited that the suspect, who runs a textile business, has a permanent residence and poses no threat of fleeing or destroying evidence. It is believed that the s

The Korea Herald

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Hanwha Aerospace halts production nationwide after deadly blast

Hanwha Aerospace has temporarily shut down production at all of its major domestic facilities and launched safety inspections following a deadly explosion at its Daejeon plant that killed five workers earlier this week. Hanwha Aerospace said that all nonessential domestic production line operations would be suspended from Thursday to Friday, except for essential processes, to conduct special safety inspections and employee safety training. It marked the first time the defense affiliate under Han

The Korea Herald

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Hanwha safety oversight under scrutiny after deadly blast

Police have identified all five workers killed in Monday's explosion at Hanwha Aerospace's Daejeon plant, as investigators examine whether shortcomings in the company's safety management system contributed to the accident. Authorities said Wednesday that the victims included two contract workers in their 20s and three full-time employees — two in their 50s and one in his 30s. The bodies were expected to be returned to their families later in the day. The explosion occurred Monday at Hanwha Aeros

The Korea Herald

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Korea's newest property premium: The chipmaker shuttle stop

"Most of the couples who came to see homes today were Samsung Electronics or SK hynix employees. Buyer inquiries have clearly increased, and chip-sector bonuses seem like a major driver in this area," a real estate agent in Yongin's Suji-gu, a Gyeonggi Province area served by chipmakers' commuter buses, said Saturday. Several young buyers had lined up that day to view well-maintained homes in large apartment complexes in the area, the agent said. Homeowners are also sensing the shift, becoming l

The Korea Herald

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SK hynix workers to seek Samsung-level housing loans

SK hynix is expected to open its 2026 wage negotiations this month with employees pressing the company to match the housing loans that rival Samsung Electronics granted its own staff last month, worth up to 500 million won ($330,000) per worker. Samsung's home loan, which its union ratified last Wednesday after a five-month standoff, set a new benchmark for the chip industry. The company will lend nonhomeowner employees up to 500 million won to buy a home at a fixed interest rate of 1.5 percent,

The Korea Herald

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Chip boom sparks debate over tax windfall, profit sharing

South Korea is facing a growing debate over how to use an unprecedented windfall from the semiconductor boom, as surging chip profits feed into tax revenue, employee bonuses and broader calls for redistribution. The immediate focus is on how the government should handle the expected tax increase — whether to use it for fiscal spending, save it as a buffer or invest it for future generations. At the same time, it is also opening the door to a broader question over how the benefits of the chip sup

The Korea Herald

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HD Hyundai chair pays respects at national cemetery ahead of National Veterans’ Month

To mark the upcoming National Veterans’ Month, HD Hyundai Chair Chung Ki-sun and HD Construction Equipment CEO Moon Jae-young joined 200 employees to pay tribute to national heroes at the Seoul National Cemetery, the Yeongcheon National Cemetery, and the Geosan National Cemetery on Friday. Chung laid flowers and burned incense at the memorial tower at the Seoul National Cemetery. He then moved on to Section 25 — a burial area designated for a HD Hyundai volunteer program — where he cleaned the t

The Korea Herald

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Arrest warrant issued for suspect in stabbing of 2 men

A Seoul court on Friday granted an arrest warrant for a man charged with stabbing two other men at an office in western Seoul earlier this week. Following an arrest warrant hearing held earlier in the day, the Seoul Southern District Court approved the warrant for the suspect, an employee of a partner company, citing risk of flight. The suspect, in his 60s, stabbed two LG Electronics employees – one in his 50s and the other in his 40s – on the second floor of the company's business center in Gan

The Korea Herald

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On Blind, US workers fear layoffs while Koreans debate bonuses

In Silicon Valley, Blind has become a virtual space where tech workers ask who might be laid off next. The anonymous workplace platform, where employees verify their employer via company email before posting under company tags, has drawn attention in the US for its Tech Layoff Tracker, which lists confirmed and rumored job cuts. The New York Times recently highlighted Blind as a window into the souring mood across Big Tech. In South Korea, where Blind first took off before expanding to the US, t

The Korea Herald

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Zelenskyy asks Trump for more US air defense

Ukrainian President Volodymyr Zelenskyy has written to US President Donald Trump and Congress asking for more American-made air defense ammunition to counter intensifying Russian ballistic missile attacks, Kyiv said Wednesday. Meanwhile, Russian lawmakers have backed a draft bill to have bank employees join the fight against Ukraine’s long-range drones that strike deep inside Russia — with trained bank staff shooting down the unmanned aircraft. The steps came after a recent escalation in aerial

KBS World (English)

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Head of Samsung Electronics DX Division Seeks to Placate Employees

[Economy] : The head of Samsung Electronics’ device experience(DX) division is seeking to placate workers in the non-memory chip unit in the face of dissatisfaction with a wage deal that is widely seen to favor workers in the semiconductor division. In a message sent to employees on Wednesday, shortly after the ... [more...]

KBS World (English)

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Man Accused of Stabbing 2 Employees at LG Electronics R&D Complex

[Domestic] : Police have arrested a man in his 60s after he allegedly wielded a knife and seriously injured two people at an LG Electronics research and development complex in Seoul. According to the Seoul-based Yonhap News Agency, police apprehended the man around noon Wednesday at LG Sciencepark in Seoul’s Gangseo ... [more...]

The Korea Herald

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Samsung seals strike-averting wage deal amid bonus backlash

Samsung Electronics and its labor unions signed their 2026 wage agreement Wednesday, formally ending weeks of negotiations after union members approved a last-minute bonus deal that narrowly averted a planned strike. But the agreement is expected to fuel backlash over wide bonus gaps between chip and nonchip employees, and shareholder opposition over profit-linked payouts. The signing ceremony was held at Samsung's employee training center in Giheung, after the deal was approved by a union vote

The Korea Herald

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2 stabbed at LG office in Seoul; suspect turns himself in

South Korean police said Wednesday that the suspect in a stabbing attack that injured two people earlier in the day was arrested after turning himself in. Local police received reports at around 11:18 a.m. that two victims were stabbed on the second floor of an LG Electronics office in Gangseo-gu, western Seoul. The victims sustained severe but non-fatal injuries and were taken to a nearby hospital for emergency treatment. The suspect is reportedly an employee of a company under contract with LG

The Korea Herald

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Samsung bonuses, cheap loans stoke chip-belt housing boom

Samsung Electronics’ new compensation package for chip employees is raising expectations that fresh liquidity could further boost apartment prices across South Korea’s semiconductor corridor. The company and its labor union agreed on May 20 to introduce a low-interest housing loan program for employees, alongside a revamped performance bonus scheme tied to semiconductor profits. Under the housing program, employees without homes will be able to borrow up to 500 million won ($370,000) for home pu

The Korea Herald

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Nonchip union seeks injunction against Samsung wage vote

The vote on Samsung Electronics’ tentative 2026 wage agreement faces a last-minute legal challenge after a union representing employees outside the company’s chip business asked a court to halt the ballot. claiming its members were unfairly excluded. The Samsung Electronics Donghaeng Labor Union said Tuesday it had filed for an injunction with the Suwon District Court to suspend the ongoing vote on the tentative agreement reached between the company and the bargaining representative union. Aroun

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[WT논평] Fears spread about businesses implanting microchips in workers(Ⅱ)

States moved to set limits on microchipping in response to Three Square Market, a Wisconsin-based software company that made headlines in 2017 by offering employees the option of having a grain-size m

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[WT논평] Fears spread about businesses implanting microchips in workers(Ⅰ)

Never mind microchipping your dog. Some companies are giving employees microchip implants that grant them access to facilities, company accounts and vending machines with a wave of the hand. The te

The Korea Herald

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SpaceX carries out mostly successful Starship test flight

SpaceX's Starship spacecraft splashed down into the Indian Ocean Friday after the company performed a mostly successful test flight of the latest version of its enormous rocket. The voyage was not without a few glitches, but SpaceX employees shown on a livestream roared in delight following the trial flight that comes as the firm owned by Elon Musk prepares a potentially record initial public offering. The mammoth rocket blasted off into space at just after 5:30 p.m. local time. The company did

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타임라인 키워드

Samsung's top union loses majority status after chip-heavy bonus deal

Court rejects arrest for business owner accused of assaulting immigrant workers

Hanwha Aerospace halts production nationwide after deadly blast

Hanwha safety oversight under scrutiny after deadly blast

Korea's newest property premium: The chipmaker shuttle stop

SK hynix workers to seek Samsung-level housing loans

Chip boom sparks debate over tax windfall, profit sharing

HD Hyundai chair pays respects at national cemetery ahead of National Veterans’ Month

Arrest warrant issued for suspect in stabbing of 2 men

On Blind, US workers fear layoffs while Koreans debate bonuses

Zelenskyy asks Trump for more US air defense

Head of Samsung Electronics DX Division Seeks to Placate Employees

Man Accused of Stabbing 2 Employees at LG Electronics R&D Complex

Samsung seals strike-averting wage deal amid bonus backlash

2 stabbed at LG office in Seoul; suspect turns himself in

Samsung bonuses, cheap loans stoke chip-belt housing boom

Nonchip union seeks injunction against Samsung wage vote

[WT논평] Fears spread about businesses implanting microchips in workers(Ⅱ)

[WT논평] Fears spread about businesses implanting microchips in workers(Ⅰ)

SpaceX carries out mostly successful Starship test flight