South Korea’s stock market soars as Samsung union calls off planned strike ⊖
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2026 › May › 21
Samsung
36 days ago
Benchmark KOSPI rises more than 8 percent following deal to avert strike at top memory chip maker.
Samsung Electronics shares rallies 6% after union suspends strike following tentative wage deal ⊕
Another round of negotiations led by South Korea's minister for labor and employment Kim Young-hoon resulted in a tentative agreement.
Samsung reaches last-minute deal to avert strike over AI riches ⊕
Work stoppage had threatened to disrupt Korean economy and global artificial intelligence boom
Samsung strike on hold - but the fight isn't over yet. Why? ⊖⊖
The walkout, which was due to start on Thursday, has been suspended while union members vote on a tentative deal.
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