Ministry of Labor to Host Discussion on 'Excess Profit Sharing' Next Week, Formalizing Talks on Performance Bonuses

The Ministry of Employment and Labor will hold a discussion session next week involving labor, management, and experts to address the issue of excess profit sharing, which has emerged following the conflict over performance bonuses at Samsung Electronics.

According to the Ministry of Labor today (July 7), the government plans to hold the discussion between July 14 and 16 under the theme of "A New Path for Social Innovation in Line with AI Technological Innovation."

The discussion is expected to cover various agendas, including corporate innovation investment for a sustainable future in the era of AI industrial transformation, mutual growth between prime contractors and subcontractors, jobs for future generations, talent cultivation, and the expansion of social safety nets.

The Ministry of Labor is currently finalizing the list of participants and the detailed schedule.

Previously, Minister of Employment and Labor Kim Young-hoon proposed an emergency discussion in May, suggesting that the issue of corporate excess profit sharing should be resolved through social dialogue.
※ Please note: This article was translated by AI and may contain errors.