No Breakthrough Reported in Samsung Labor Negotiations Yet

According to South Korean media reports, Samsung management and labor representatives resumed government-mediated negotiations under the auspices of the National Labor Relations Commission on May 11. As of 3 p.m. local time, no breakthrough had been achieved in the talks. If the mediated discussions still fail to produce an agreement, the prospect of the second large-scale strike in Samsung Electronics' history is expected to become a reality. Industry insiders believe that if the union indeed holds a general strike between May 21 and June 7, the losses from production disruptions and supply delays could reach trillions of Korean won.