[Comprehensive] Lee Jae-Yong Apologizes, "It's All My Fault"...Negotiations Resume May 18
Samsung Electronics Chairman Lee Jae-Yong publicly apologized to the nation and customers just five days before a planned strike by the company’s labor union. The company and the union have agreed to resume negotiations on May 18.
Upon arriving at the Seoul Gimpo Business Aviation Center on May 16, Lee stated, "I sincerely apologize to our global customers for the anxiety and concern caused by our internal issues," adding, "I bow my head in apology to the people of our nation who always support, love, and challenge Samsung."
During his apology, Lee bowed his head three times. He emphasized, "I will take the brunt of the harsh winds and take full responsibility. Let’s do our best so that we can all be proud to be part of Samsung."
Following this, the company and the union agreed to hold a second post-adjustment meeting on the morning of May 18 at the Central Labor Relations Commission in Sejong City. The meeting will be directly overseen by the commission's chairperson.
Previously, Samsung Electronics and the union engaged in marathon negotiations mediated by the commission from May 11 to early May 13. However, they failed to reach an agreement on performance bonus criteria, leading to a breakdown in talks. The commission had requested the two parties to reconvene on May 16, but the union declined, resulting in the cancellation of that meeting.
* This article has been translated by AI.
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