Samsung bonus deal faces shareholder revolt

The Korea Herald The Korea Herald

Samsung Electronics’ tentative wage agreement with its labor unions came under fresh legal scrutiny Thursday after a shareholders group threatened legal action over a new bonus scheme tied to operating profit.

The Korea Shareholder Action Headquarters staged a rally near the residence of Samsung Electronics Chair Lee Jae-yong, arguing that parts of the labor-management agreement signed a day earlier could violate Korea’s Commercial Act. “The agreement to accumulate and distribute 12 percent of p

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