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Samsung Electronics (OTC:SSNLF) and its labor union in South Korea agreed on a 5.1% wage hike. The deal includes 30 shares in the company and other perks, including vouchers to purchase company products.
The union’s 36,000 members comprise about 30% of the company’s South Korean workforce, will vote on the preliminary deal from February 28 to March 5, Reuters reports.
OpenAI chief Sam Altman visited Korea to discuss AI chip and device collaborations with Samsung and SK Hynix leaders.
Reportedly, Altman and SoftBank may seek Samsung’s investment in the $500 billion “Stargate” AI venture, expanding AI partnerships in Korea and Japan.
Samsung reported fourth-quarter revenue growth of 12% to 75.8 trillion Korean won ($52.2 billion). Due to soft market conditions, operating profit declined by 30% sequentially to 6.5 trillion Korean won.
For 2025, the company plans to enhance technological and product advantages in AI, meet future demand for high-value-added products, and drive sales growth in premium segments.
Samsung plans to enhance its technological and product advantages in AI and drive sales growth in premium segments by 2025.
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