Samsung Electronics has reached a tentative agreement on its wage negotiations for 2026, raising the salary cap for managerial positions to 130 million won and increasing the first child birth support payment to 1 million won.
According to industry sources on May 21, Samsung's labor and management agreed on a wage increase rate of 6.2% in the previous day's negotiations. This includes a base increase of 4.1% and a performance-based increase of 2.1%.
The salary cap for managerial positions has also been unified at 130 million won, regardless of whether the role is in development or non-development. Previously, the cap was set at 122 million won for development roles and 120 million won for non-development roles.
For assistant and deputy manager positions (CL3), the cap has been raised from 100 million won to 110 million won. The entry-level salary for new college graduates (CL2) has increased from 76 million won to 80 million won.
The agreement also includes significant improvements to welfare benefits and working conditions. To enhance productivity through housing stability for employees without homes, a 'company housing loan system' will be implemented. Details regarding the amount of support, eligibility, and timing will be determined separately by the company.
Childbirth support payments have been substantially increased. The payment for the first child has risen from 300,000 won to 1 million won, for the second child from 500,000 won to 2 million won, and for the third child and beyond from 1 million won to 5 million won.
Compensation for employees on modified shift schedules has also been improved. If a member working modified shifts chooses to work on a designated holiday, they will receive an additional payment equivalent to four hours of their regular hourly wage, in addition to their usual holiday pay.
Separately, the agreement on performance bonuses will be distinct from the collective agreement for 2025 and the wage agreement for 2026, and will remain in effect until February 28 of next year.
* This article has been translated by AI.
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