According to the workers' union at Samsung Electronics in South Korea, a strike was called between July 8 and 10 as it stepped up industrial action against the country's most valuable company.

According to Reuters, the union determines how many workers will join the strike.

Son Woo-mok, the union leader, said late Monday that the union wants a more transparent system for bonuses and time off and that the company should treat it as an equal partner.

However, Samsung declined to comment on the union's strike plan.

Samsung's share price was unaffected, rising 0.1% in morning trade versus a 0.7% decline in the benchmark price index.

Union membership increased rapidly after Samsung in 2020 pledged to stop discouraging the growth of organized labor.