--- title: "三星電子與工會在勞工行動引發恐慌後恢復談判；高盛表示 “韓國：買入”" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/286758611.md" description: "三星電子及其工會已恢復談判，以解決合同爭議並避免潛在的罷工。市場的樂觀情緒導致三星股價上漲 3.5%，推動韓國 KOSPI 指數上漲。高盛分析師建議購買三星和海力士的股票，指出潛在的催化因素包括勞動爭議的解決和強勁的內存定價。儘管定於 5 月 21 日的罷工迫在眉睫，但由於自動化的原因，對生產的影響預計將有限，儘管其他領域可能會出現干擾" 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) --- # 三星電子與工會在勞工行動引發恐慌後恢復談判；高盛表示 “韓國：買入” 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._ ### 相關股票 - [SSNGY.US](https://longbridge.com/zh-HK/quote/SSNGY.US.md) - [DRAM.US](https://longbridge.com/zh-HK/quote/DRAM.US.md) - [07709.HK](https://longbridge.com/zh-HK/quote/07709.HK.md) - [OPUSD.VAHK](https://longbridge.com/zh-HK/quote/OPUSD.VAHK.md) - [GS.US](https://longbridge.com/zh-HK/quote/GS.US.md) - [W4VR.SG](https://longbridge.com/zh-HK/quote/W4VR.SG.md) ## 相關資訊與研究 - [三星電子罷工倒數！南韓總統喊話：企業經營權與勞權同等重要](https://longbridge.com/zh-HK/news/286697605.md) - [三星勞資進入「最後機會」談判 政府不排除動用緊急權力](https://longbridge.com/zh-HK/news/286696673.md) - [連韓國政府介入也沒用，三星工會堅持罷工爭取獎金原因找到了](https://longbridge.com/zh-HK/news/286701433.md) - [三星電子工會：18 日將與資方重啟薪資談判](https://longbridge.com/zh-HK/news/286641182.md) - [三星電子工會醖釀 18 天罷工 料逾 4 萬人參與 勞資今恢復談判](https://longbridge.com/zh-HK/news/286708231.md)