Samsung Electronics shares rallies 6% after union suspends strike following tentative wage deal

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Shares of Samsung Electronics jumped more than 6% on Thursday after its labor union suspended a planned 18-day strike late Wednesday, easing concerns over disruptions at the South Korean chipmaker. The union had said the strike would proceed after the government-mediated talks collapsed on Wednesday. However, another round of negotiations led by South Korea's minister for labor and employment Kim Young-hoon resulted in a tentative agreement. The gains in Samsung were also supported by optimism

Samsung faces strike after pay talks with union fall apart https://apnews.com - 20.05.2026 04:15

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Samsung faces strike after pay talks with union fall apart https://apnews.com - 20.05.2026 04:15