Samsung workers rally in South Korea, demanding higher pay and threatening to strike

PYEONGTAEK, South Korea (AP) — Thousands of Samsung Electronics workers rallied Thursday at its computer chip complex in Pyeongtaek, South Korea, demanding higher bonuses and threatening to strike as booming demand for artificial intelligence drives up memory-chip profits.

Holding signs and waving banners, the workers gathered at a factory compound amid a heavy police presence, shouting “make compensation transparent and remove maximum limits on bonuses!” Union officials said about 40,000 members participated in the protest. Police did not immediately provide a crowd estimate.

The rally came hours after Samsung’s cross-town rival, SK Hynix, posted an all time high in quarterly revenue and operating profit for the January-March quarter, a jump it attributed to expanding global investments in data centers and other AI infrastructure that drove up the demands for its memory chips.

Samsung, which together with SK Hynix produces about two-thirds of global memory chips, forecast earlier this month that its first-quarter operating profit would reach a record 57.2 trillion won ($38.6 billion). That would be higher than the 37.6 trillion won ($25.4 billion) posted by SK Hynix on Thursday, although Samsung has a more diverse lineup of businesses, including smartphones and consumer electronics.

Samsung’s union, which represents about 74,000 workers, says the company has failed to offer adequate compensation despite its strong performance. It has rejected the management’s proposal for bonuses of restricted stock and calling for removing caps on bonuses.

The union has threatened to stage an 18-day walkout starting May 21 if negotiations with management fail and claims that such action would cost the company more than 1 trillion won ($676 million) a day.

“We won’t stop this fight until our fair demands are met,” Choi Seung-ho, a union leader, said through a loudspeaker from atop a crane-mounted structure.

While semiconductor makers have benefited from the AI boom, the war in the Middle East has clouded the future outlook, disrupting supplies of key materials such as helium that are crucial to chipmaking and pushing up energy costs.

In a conference call Thursday, Woo Hyun Kim, SK Hynix’s chief financial officer, said the company is closely monitoring the conflict but does not expect a meaningful impact on production, saying it has been diversifying its sourcing of helium and bromine beyond the Middle East and has sufficient inventory.

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Kim Tong-hyung reported from Seoul, South Korea. AP writer Hyung-jin Kim contributed to the report from Seoul.

Members of the Samsung Electronics labor union shout slogans during a rally demanding higher bonuses at its computer chip complex in Pyeongtaek, South Korea, Thursday, April 23, 2026. (AP Photo/Ahn Young-joon)

Members of the Samsung Electronics labor union hold up their cards during a rally demanding higher bonuses at its computer chip complex in Pyeongtaek, South Korea, Thursday, April 23, 2026. The letters read "Remove the bonuses caps." (AP Photo/Ahn Young-joon)

Visitors watch a Samsung Electronics' Micro RGB TV at its booth during the World IT Show in Seoul, South Korea, Wednesday, April 22, 2026. (AP Photo/Ahn Young-joon)

A second round of talks between Israel and Lebanon was set to start Thursday in Washington, while the prospects of Iran-U.S. talks in Pakistan seemed dubious as the Islamic Republic accused the Americans of a “lack of good faith” in negotiations.

Iran fired on three ships in the Strait of Hormuz and seized two of them Wednesday, intensifying its assault on shipping in the key waterway, a day after U.S. President Donald Trump extended a ceasefire while maintaining a U.S. blockade of Iranian ports.

The standoff between the U.S. and Iran has effectively choked off nearly all exports through the strait, where 20% of the world’s traded oil passes in peacetime, with no end in sight.

Pakistan had planned to host another round of talks, but the White House suspended U.S. Vice President JD Vance’s planned trip to Islamabad as Iran rebuffed efforts to restart the discussions.

In southern Lebanon, three separate Israeli strikes killed at least six people and wounded others, according to local authorities. Israel denied carrying out one of the strikes and did not immediately comment on the others.

The attacks came as Israeli and Lebanese ambassadors prepared for a new meeting in Washington toward extending a fragile 10-day ceasefire that began last week.

Here is the latest:

Pakistan Interior Minister Mohsin Naqvi said in a statement Thursday he hoped for “positive progress” from Iran after a meeting with U.S. Chargé d’Affaires Natalie Baker.

The meeting in Pakistan’s capital Islamabad included discussion of diplomatic efforts related to a second round of U.S.-Iran ceasefire talks, which was delayed after Tehran did not confirm when it would send its delegation.

Naqvi said Pakistan Prime Minister Shehbaz Sharif and Field Marshal Asim Munir were making efforts “at every level” to support a peaceful settlement and hoped all sides would give diplomacy a chance.

Naqvi praised U.S. President Donald Trump for extending the ceasefire, calling it a welcome step toward de-escalation.

Baker appreciated Pakistan’s “constructive role” in promoting peace, the statement said.

Iran said Thursday it hanged another member of the Iranain exiled opposition group Mujahedeen-e-Khalq.

The Mizan news agency of Iran’s judiciary identified the man as Soltanali Shirzadi Fakhr.

It accused him of cooperating with the Israeli intelligence service Mossad, without offering specifics. It also did not say when or where it arrested him.

Iran has accused many it has hanged during the war as having links to Israel. Activists say Iran routinely tries capital cases behind closed doors, uses coerced confessions and doesn’t allow the accused to properly challenge the evidence against them.

This brings to nine the total number of MEK members executed since the start of the war.

A cargo ship sails in the Persian Gulf toward the Strait of Hormuz, Wednesday, April 22, 2026. (AP Photo)

Amal Khalil, a Lebanese journalist working for the daily Al-Akhbar newspaper, reports near a destroyed bridge in Qasmiyeh, Lebanon, March 22, 2026. (AP Photo/Mohammed Zaatari)