Samsung Electronics

Samsung, Union Agree to 5% Wage Hike in 2025 After Tensions Ebb

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(Bloomberg) — Samsung Electronics Co. and its largest labor union have tentatively agreed to a 5.1% wage increase and stock awards for staff in 2025, signaling efforts by the two sides to defuse tensions that triggered the company’s first-ever labor strike last year.  Under an initial agreement, Samsung will for the first time give 30 … Read more

Samsung electronic post 129.85 % Q4 operating profit increase increases

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Samsung Electronics reported a 129.85% year-on-year surge in Q4 2024 operating profits but faced a decline from the previous quarter due to chip demand struggles.

2025-01-31 07:56:00 : Samsung Electronics said on Friday that its operating profit soared by 129.85 % in the fourth quarter of 2024, but due to its efforts to meet the needs of chips used in artificial intelligence servers, it declined from the previous quarter. The company is the flagship company of South Korean giant Samsung … Read more