--- title: "三星电子与工会在劳工行动引发恐慌后恢复谈判；高盛表示 “韩国：买入”" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/286758611.md" description: "三星电子及其工会已恢复谈判，以解决合同争议并避免潜在的罢工。市场的乐观情绪导致三星股价上涨 3.5%，推动韩国 KOSPI 指数上涨。高盛分析师建议购买三星和海力士的股票，指出潜在的催化因素包括劳动争议的解决和强劲的内存定价。尽管定于 5 月 21 日的罢工迫在眉睫，但由于自动化的原因，对生产的影响预计将有限，尽管其他领域可能会出现干扰" datetime: "2026-05-18T10:57:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286758611.md) - [en](https://longbridge.com/en/news/286758611.md) - [zh-HK](https://longbridge.com/zh-HK/news/286758611.md) --- # 三星电子与工会在劳工行动引发恐慌后恢复谈判；高盛表示 “韩国：买入” Downward momentum in South Korean stocks was halted on Monday as optimism returned to Samsung Electronics after the company and its union reopened talks to resolve contract disputes and avert a strike that could begin as soon as Thursday. Bloomberg reported that the union's leader would "sincerely engage" with Samsung executives. The world's most important memory chip maker was also granted several requests by a Korean court, including orders to block the union from occupying company facilities. The union is still threatening an 18-day walkout beginning Thursday unless its contract demands are met, but both sides signaled earlier today a willingness to resolve the labor dispute. On Saturday, Samsung also made a concession by replacing its lead negotiator, while Prime Minister Kim Min-seok and Chairman Jay Y. Lee publicly urged compromise. Shares of Samsung in South Korea closed up 3.5%, helping lift the country's main equity index, KOSPI, after it had slid late last week on labor action fears. Goldman analyst Christy Park told clients, _"**By now, one would know: any correction on Hynix & Samsung = Buy (\*note Hynix shares corrected \>1% only 5x times since April out of 30+ sessions in which at ALL times regained more than its losses immediately within the following 1~3 days)."**_ Park listed the catalysts for Samsung & Hynix: - Resolution to the labor union strike removing overhang (Samsung; co replaced its entire negotiation team) - Continued conventional memory pricing strength acting as a tailwind (Samsung has higher exposure vs. Hynix) 2027 HBM pricing upside given HBM now sold at a discount vs. conventional DRAM (both Samsung & Hynix) - Upside in shareholder return given the substantial growth in FCF (Samsung: 2024-2026 shareholder return policy of paying back 50% of this) - Potential ADR listing of Kioxia could be positive for Hynix sentiment (as Hynix owns a meaningful stake in Kioxia through a consortium) ADR listing of SK HYNIX (anticipated in July) - We see Agentic AI driving a 24x jump in token consumption by 2030 (120 quadrillion tokens per month) (both Samsung & Hynix) In a separate note, Tom Kang, director at Counterpoint Research, said, "There is a clear need for both sides to reach an agreement," adding that both sides have relatively little experience because Samsung has historically lacked a strong union culture. "The gap may seem large, but the issues are workable," Kang said. "I believe the differences can be resolved without a strike." Taiwan-based market intelligence and research firm TrendForce pointed out: > _Samsung's strike is set to formally begin on May 21. Because the company's semiconductor fabs are already highly automated, the impact on production is expected to be limited._ > > _However, there will likely be noticeable disruptions to packaging and logistics, R&D and design, and customer relations. In terms of unionization, about half of all employees across the Samsung Group are union members, most of whom work in the semiconductor division. Internally, management has already extended an olive branch to the DRAM division, but has not yet reached an agreement with union members in the Foundry and LSI divisions._ > Samsung’s strike is set to formally begin on May 21. Because the company’s semiconductor fabs are already highly automated, the impact on production is expected to be limited. However, there will likely be noticeable disruptions to packaging and logistics, R&D and design, as well… https://t.co/l2ibgeXEIL > > — TrendForce (@trendforce) May 15, 2026 _Professional subscribers_ _can read the full "\[GS\] KOREA: Buy"_ _here__at our new_ _Marketdesk.ai_ _portal._ ### 相关股票 - [SSNGY.US](https://longbridge.com/zh-CN/quote/SSNGY.US.md) - [DRAM.US](https://longbridge.com/zh-CN/quote/DRAM.US.md) - [07709.HK](https://longbridge.com/zh-CN/quote/07709.HK.md) - [OPUSD.VAHK](https://longbridge.com/zh-CN/quote/OPUSD.VAHK.md) - [GS.US](https://longbridge.com/zh-CN/quote/GS.US.md) - [W4VR.SG](https://longbridge.com/zh-CN/quote/W4VR.SG.md) ## 相关资讯与研究 - [三星有望避免史上最大停工危机？韩国政府紧急介入，罢工前 48 小时双方开启最后谈判](https://longbridge.com/zh-CN/news/286867329.md) - [三星会长李在镕就劳资纠纷向公众致歉](https://longbridge.com/zh-CN/news/286636141.md) - [三星电子敦促工会重启薪资谈判，并向公众和政府致歉](https://longbridge.com/zh-CN/news/286509392.md) - [媒体：三星工会与管理层在谈判中缩小了部分分歧 以避免罢工](https://longbridge.com/zh-CN/news/286836295.md) - [三星电子提议无条件重启劳资谈判 但工会仍坚持罢工计划 机构预计罢工成本高达 200 亿美元](https://longbridge.com/zh-CN/news/286511562.md)