"I am pleased that Samsung Electronics will accept the results of the pending arbitration over the loss of life and health impacts on workers manufacturing their products," said Baskut Tuncak, a special rapporteur of the Office of the UN High Commissioner for Human Rights.

Industry sources said the final mediation is expected to be announced in early October.

"This is a step in the right direction by a global business enterprise, recognizing their responsibility for providing victims an effective remedy and what I hope will ensure higher standards in worker protection to prevent any recurrence, although I would have wished to see this decision taken years ago," Tuncak added.

SHARPS claimed that, as of June 2018, there were 320 victims who suffered from work-related illnesses after working for Samsung, with 118 of them already having passed away. (Yonhap)