AJP Watch: Samsung closes pay gap with SK hynix in landmark semiconductor labor accord SEOUL, May 21 (AJP) -Samsung Electronics employees in its memory-chip division could receive performance bonuses of up to 600 million won ($440,000) this year under a landmark labor agreement that mirrors — and in some cases surpasses — rival SK hynix’s uncapped AI-era reward system that has transformed compensation expectations across Korea’s semiconductor industry. The provisional wage deal reached late Wednesday ties Samsung’s new special semiconduct May 21, 2026

Samsung Live: Strike suspended, union puts the agreement to vote until May 27 SUWON, May 20 (AJP) -Samsung Electronics narrowly avoided a closely watched 18-day general strike late Wednesday after marathon last-minute negotiations led by Labor Minister Kim Young-hoon produced a tentative wage agreement between management and the company’s largest labor union. The deal halted what could have become the biggest labor disruption in the history of the world’s largest memory chipmaker, which accounts for nearly 40 percent of the global DRAM market and May 20, 2026

Samsung Live: Samsung Union halts historic strike after eleventh-hour wage deal SEOUL, May 20 (AJP) - Samsung Electronics' largest labor union on Wednesday night suspended its planned full-scale strike, narrowly averting a historic walkout just an hour before it was scheduled to begin. The dramatic breakthrough came after management and union leadership reached a tentative agreement on the 2026 wage negotiations. "The general strike scheduled from May 21 to June 7 will be suspended until further notice," the union’s joint strike committ May 20, 2026

Korea's Lee ratchets up rhetoric on Israel, labor unrest and corporate ethics SEOUL, May 20 (AJP) -South Korean President Lee Jae Myung delivered an unusually combative series of remarks Wednesday, lashing out at Israel over its seizure of aid vessels carrying South Korean activists, warning Samsung Electronics labor unions not to “cross the line” ahead of a major strike, and condemning fashion platform Musinsa for what he called the mockery of South Korea’s democracy movement in a controversial advertisement. The remarks, made during a Ca May 20, 2026

US embassy in Seoul hosts artist Park Ju-eon for Freedom 250 campaign SEOUL, May 20 (AJP) - SEOUL — The United States Embassy in Seoul hosted South Korean contemporary artist Park Ju-eon for a special exhibition and talk on Wednesday afternoon, using cultural diplomacy to mark the upcoming 250th anniversary of the country's founding. The event took place at the US Charge d'Affaires' residence near central Seoul. The gathering served as the second installment of Freedom of Expression: Freedom 250 U.S.-Korea Creative Dialogues. The y May 20, 2026

Korea, India discuss expanding arms cooperation in first defense talks in 7 years SEOUL, May 20 (AJP) - South Korean Defense Minister Ahn Gyu-back discussed ways to expand defense and defense industry cooperation with his Indian counterpart Rajnath Singh in Seoul on Wednesday, the Defense Ministry said. During the meeting at the ministry’s headquarters in Seoul, the two ministers agreed to further broaden cooperation in defense and arms industry fields, building on the “joint strategic vision” adopted at last month’s summit between the lea May 20, 2026

S. Korea pushes nuclear submarine plan, but fuel supply remains key hurdle SEOUL, May 20 (AJP) - South Korea’s long-running ambition to deploy nuclear-powered submarines has gained fresh momentum as Seoul and Washington move to implement security agreements reached at their latest summit, though securing nuclear fuel remains the project’s biggest obstacle. The challenge facing the program is no longer simply whether South Korea can build or acquire nuclear-powered submarines, but how it would fuel them. According to data submitted by the Min May 20, 2026

AWS' annual tech expo in Seoul showcases agentic AI, robotics innovations SEOUL, May 20 (AJP) - The annual tech expo hosted by Amazon Web Services (AWS) kicked off at COEX in southern Seoul on Wednesday, offering a space to experience the latest agentic artificial intelligence (AI) and physical AI technologies. The two-day AWS Summit Seoul brought together companies from various industries including beauty, media, manufacturing, security and robotics, showcasing their AI solutions, drawing more than 50,000 pre-registrations and about 6,000 on-site attende May 20, 2026

Seoul and Tokyo equities fall, Asian currencies and debt tumble on inflation fears SEOUL, May 20 (AJP) - Seoul and Tokyo bourses extended losses in a broad Asian retreat as investors moved past AI euphoria toward a reality check on the economic toll of prolonged Gulf conflicts and renewed inflation fears. The benchmark KOSPI fell 0.86 percent to close at 7,208.95 after swinging between an intraday high of 7,324.52 and a low of 7,053.84. Foreign investors sold a net 2.9293 trillion won ($1.94 billion) worth of shares, while retail and institutional investors bou May 20, 2026

CJ Group seeks police probe over leak of female employees' personal data SEOUL, May 20 (AJP) - CJ Group filed a complaint with the Seoul Metropolitan Police Agency over the leak of personal information belonging to about 330 female employees via a Telegram channel, in the latest in a string of data security breaches rattling corporate Korea. The disclosed material the group revealed on Wednesday included mobile phone numbers, internal extensions, job titles and profile photographs, all of which matched current and former staff records, the company said. May 20, 2026