Samsung will not raise salaries as much this year as in previous years

It'll also affect LG.

According to the source, this year Samsung and LG have reduced the rate of base salary increase. Samsung has signed an agreement with the union, according to which, the base salary this year will increase by 2.5% against 3.5% in 2019 and 2018.

LG has signed a similar agreement, but the manufacturer's base salary will increase by 3.8% this year against 4.3% a year earlier. The only reason in this case is coronavirus pandemic.

It should be noted that the above-mentioned growth rates refer to the base salary, so, of course, in some cases the salary may grow much more - it will depend both on the activity segment and personal achievements of each employee.

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