On May 15, Reuters reported that Samsung Electronics' South Korean labor union said on Friday that the technology company had offered to "unconditionally resume negotiations" days after government mediation talks on salary and bonus packages broke down.
Samsung workers protest over wages
Samsung's union said it was willing to hold talks after June 7 but maintained plans to hold a strike from May 21. The strike could disrupt production at the world's largest memory chip maker.
Samsung issued a statement confirming it had made an unconditional offer to restart negotiations, but did not immediately provide further comment.
Samsung's union said on Thursday it would be willing to return to the bargaining table if the company could come up with a detailed plan responding to the union's demands by 1:00 GMT on Friday.
South Korean Prime Minister, Minister of Finance and other government officials have stated that a strike at Samsung must be avoided at all costs, and warned that this may cause major risks to South Korea's economic growth, exports and financial markets.
Shares in Samsung fell 2% in early trading on Friday after the company offered unconditional talks, while South Korea's Kospi fell 1.1% over the same period.