Samsung Electronics 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.

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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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