Samsung Electronics’ labour union members chant slogans during a protest in front of the company’s semiconductor plant in Pyeongtaek, South Korea on April 23, 2026. — Reuters file pic (New users only) It's tax relief season! Get up to RM300 when you save with Versa! Plus, enjoy an additional FREE RM10 when you sign up using code VERSAMM10 with a min. cash-in of RM100 today. T&Cs apply. Sunday, 17 May 2026 3:49 PM MYT SEOUL, May 17 — South Korea will pursue ‌all options, including emergency arbitration, to avoid ​a labour strike at the country’s biggest employer Samsung Electronics and to minimise any damage if one ‌does occur, its prime minister said on Sunday.The world’s largest ​memory chip maker and its South Korean labour union will resume pay talks on Monday with a government mediator, in a move that could ease ​concerns over a potentially disruptive strike at the tech giant that accounts for nearly a quarter of the country’s exports.“Just one day of suspension at Samsung Electronics’ semiconductor factory is expected to incur direct losses of as much as ‌1 trillion won (US$667.68 million; RM2.64 billion),” Prime Minister Kim Min-seok said after ⁠an emergency meeting with ministers ⁠on Sunday.“What is more concerning is that a ⁠temporary pause on semiconductor manufacturing ⁠lines leads to ⁠months of inactivity,” Kim said, adding there were worries about economic damage ballooning to as much as 100 trillion won if ⁠materials had to be disposed of due to a strike.An emergency arbitration order, which can be invoked by the labour minister if the country deems a dispute is likely to harm the economy or daily life, immediately prohibits industrial action for 30 ⁠days while the National Labor Relations Commission conducts mediation and arbitration.It has rarely been invoked and would represent an extraordinary ⁠step for a union-friendly administration.The union said it would negotiate in ⁠good ⁠faith to reach an agreement with management.Samsung accounts for 22.8 per cent of South ​Korea’s exports and 26 per cent of the ​domestic stock market, employing more than ‌120,000 people and working with 1,700 suppliers, ​Kim said. — Reuters