Seoul : Samsung Electronics' union has approved the bonus-pay deal that was hastily struck last week and was mediated by South Korea's labour minister.

Amid booming demand for AI chips, the government-backed deal will make more than 60% of the South Korean tech giant's workforce eligible for bonuses of about $370,000 this year.

Samsung workers approve a bonus deal, ensuring $370,000 each for 78,000 employees amid soaring AI profits and avoiding a strike.

Samsung’s largest union has approved a massive bonus package for employees in the company’s semiconductor division. As per the approval, every employee is eligible for as much as Rs 3.25 crore as bonus pay this year. Here are the details.