Seoul: President Lee Jae Myung was set to meet with International Labour Organization (ILO) Director-General Gilbert Houngbo on Friday to discuss South Korea's labor policy in the era of artificial intelligence (AI), the presidential office said.

According to Yonhap News Agency, during the meeting later in the day, Lee plans to share his government's labor policy achievements in the AI era, in which technological advances have significantly transformed the labor market and industrial structures, as stated by Cheong Wa Dae.

Lee also plans to outline the future direction of his government's labor policy, while he and Houngbo are expected to discuss ways to enhance cooperation between South Korea and the ILO.

The meeting comes two days after South Korea averted what could have become one of its most devastating labor strikes, as Samsung Electronics Co. and its largest labor union reached a last-minute wage deal over performance-based bonuses tied to the company's record-breaking earnings from the AI boom.

The monthslong dispute has, however, raised concerns that labor unions at other companies may follow suit by taking collective action to demand greater compensation.