Samsung and Labor Union Agree on 10-Year Bonus System Tied to Stock Samsung Electronics and its labor union have confirmed that their tentative wage and collective bargaining agreement, reached just before a general strike, includes a 10-year validity period for the bonus system. This agreement not only establishes the method for calculating bonuses but also formalizes the payment method and duration, setting the framework for Samsung's performance compensation system for the next decade. According to industry sources on May 20, Samsung and the union sign May 20, 2026

Samsung Electronics Reaches Tentative Agreement Amid Strike Threat Samsung Electronics and its labor union have reached a tentative agreement on wages and collective bargaining. This development comes amid discussions of a potential first-ever total strike, alleviating concerns over semiconductor production disruptions and uncertainty in the industry. On May 20, Samsung Electronics issued a statement confirming the tentative agreement, stating, "The agreement was reached thanks to the support of the public, shareholders, and customers, as well as the ded May 20, 2026

Samsung Avoids Major Strike, Easing Semiconductor Production Concerns Samsung Electronics' labor union has postponed a planned strike just over an hour before it was set to begin. The potential for the company's first-ever total strike has been averted for now, easing concerns in the industry about disruptions to semiconductor production and the global supply chain. According to industry sources on May 20, the Samsung Electronics union's joint action committee announced in a directive to members that "the total strike scheduled for May 21 to June 7 is postp May 20, 2026

Special Prosecutor to Investigate Yoon Suk Yeol for Military Coup Charges on June 6 Special Prosecutor to Summon Yoon Suk Yeol for Military Coup Investigation The second special prosecutor team, led by Kwon Chang-young, will investigate former President Yoon Suk Yeol for charges related to a military coup. On May 20, the special prosecutor's office announced that it plans to summon Yoon on June 6 as a suspect in the coup investigation. Yoon has expressed his willingness to cooperate with the investigation. Yoon is accused of conspiring with former Defense Minister K May 20, 2026

Government Launches $340 Million Financial Support for R&D Commercialization A large-scale financial support program aimed at assisting public research institutions and small and medium enterprises (SMEs) in commercializing technology is set to be implemented. The Ministry of SMEs and Startups announced that an amendment to the Small and Medium Enterprises Technology Innovation Act was approved by the Cabinet on May 20 and will take effect immediately. Historically, SMEs have faced challenges in securing funding to commercialize results from R&D or promising te May 20, 2026

North Korea's Nae Go Hyang Women's Football Team Upsets Suwon FC Women in AFC Semifinal In a historic matchup, North Korea's Nae Go Hyang Women's Football Team defeated Suwon FC Women 2-1 in the semifinals of the AFC Women's Champions League on May 20 at Suwon Sports Complex. This marked the first time North Korean players participated in a sports event held in South Korea since December 2018, when table tennis player Cha Hyo-sim competed in the ITTF World Tour Grand Finals in Incheon. Nae Go Hyang will face Japan's Tokyo Verdy Beleza, who previously defeated Melbourne City May 20, 2026

Special Prosecutor to Question Yoon Suk Yeol on Charges of Rebellion The second special prosecutor team, led by Kwon Chang-young, is set to investigate Yoon Suk Yeol on charges of rebellion under military law.The special prosecutor's office announced on May 20 that it plans to summon the former president on June 6 as a suspect in the rebellion case. Yoon has confirmed his willingness to appear before the special prosecutor.Yoon is accused of conspiring with former Defense Minister Kim Yong-hyun to deploy armed soldiers to the National Assembly and the National El May 20, 2026

From Debt to Success: Shin Sin-ja Becomes a Leading Jokbal Franchise Owner Shin Sin-ja, who rose from a debt of 1 billion won to become the head of a jokbal franchise, shares her success philosophy. In an episode airing on May 20, EBS's 'Seojanghoon's Neighbor Millionaire' features Shin Sin-ja, the CEO of a jokbal franchise that has achieved annual sales of 40 billion won. She recounts her journey from the bottom to the top, showcasing the entire process of jokbal production at her expansive 20,000-pyeong all-in-one factory. The episode will also include tips f May 20, 2026

Turkey Proposes $1.2 Billion Military Pipeline Project to NATO Turkey has proposed a fuel pipeline project to NATO that could serve as an alternative to the Strait of Hormuz, the Turkish Defense Ministry announced on May 20. Rear Admiral Zeki Aktürk, the ministry's spokesperson, stated at a press conference, "The NATO fuel pipeline project aims to enhance energy supply for allies on the eastern front and is currently undergoing internal approval processes within NATO." Aktürk emphasized the project's significance in light of recent developments i May 20, 2026

Samsung Union Must Embrace Responsibility in AI and Semiconductor Era The heart of South Korea's industry is shaking. The world is entering a massive industrial war over artificial intelligence (AI) and semiconductors. The United States and China are engaged in a fierce competition for AI supremacy, with companies like NVIDIA, TSMC, Samsung Electronics, and SK Hynix evolving from mere private enterprises to national strategic assets. Particularly, the semiconductor industry has transformed into a completely different realm compared to traditional manufacturing. It May 20, 2026