{"id":1010369,"date":"2026-05-28T08:20:32","date_gmt":"2026-05-28T02:50:32","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1010369"},"modified":"2026-05-28T08:26:47","modified_gmt":"2026-05-28T02:56:47","slug":"samsung-pay-deal-marks-seismic-change-for-south-korea-emboldening-unions","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/05\/28\/samsung-pay-deal-marks-seismic-change-for-south-korea-emboldening-unions\/","title":{"rendered":"Samsung pay deal marks seismic change for South Korea, emboldening unions"},"content":{"rendered":"<p>SEOUL: The deal Samsung Electronics struck with its union averts a massive strike and gives its memory chip workers eye-popping bonuses. It also opens a Pandora&#8217;s box for companies in South Korea &#8211; a country known for militant wage-bargaining. <\/p>\n<p>Unionised Samsung workers voted in favour of the government-mediated pact on Wednesday, marking the first big win for a Samsung union. More significantly, it is only the second time that a major South Korean company has agreed in writing to reward workers with a fixed percentage of operating profit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEOUL: The deal Samsung Electronics struck with its union averts a massive strike and gives its memory chip workers eye-popping bonuses. It also opens a Pandora&#8217;s box for companies in South Korea &#8211; a country known for militant wage-bargaining. Unionised Samsung workers voted in favour of the government-mediated pact on Wednesday, marking the first big win for a Samsung union. More significantly, it is only the second time that a major South Korean company has agreed in writing to reward workers with a fixed percentage of operating profit.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1010369","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1010369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1010369"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1010369\/revisions"}],"predecessor-version":[{"id":1010392,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1010369\/revisions\/1010392"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1010369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1010369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1010369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}