Samsung May Face First Labor Strike

The transcript discusses the ongoing negotiations between Samsung's management and the union over salary hikes. Initially, management failed to reach an agreement with the union, leading to a potential strike vote. Last year, a 4.1% salary hike was agreed upon with some employee representatives, but the union demands a 6% increase and direct talks with management. The union also opposes the company's union-free tradition. Samsung Chairman JY Lee apologized for past union issues and promised changes.

What is the significance of the potential strike by the union?

What was the percentage of the salary hike that was agreed upon last year?

What is the union demanding in terms of salary hike?

How does the management's approach to the union reflect their traditional practices?

What did trainee Samsung Chairman JY Lee apologize for?