Samsung Electronics Strike Warning: Labor Economist Urges Tough Government Response

Lee Jong-hoon, professor emeritus at Myongji University, warned that a strike by Samsung Electronics’ labor union could become a choice that damages both labor and management. He stressed that the priority now is to give the union justification and an exit route to step back on its own. Behind his remarks is concern that excessive compensation at a single company could shake the broader labor market. Lee said that if the dispute drags on, the government should take a firm response and also consider invoking emergency adjustment powers. His comments point to the risk that the Samsung Electronics labor dispute could affect standards and expectations across the labor market beyond one company. Source: mk.co.kr