"A BoK report to the president estimated a potential impact of up to KRW30 trillion in lost production."

Samsung Electronics Co. and its largest labor union resumed government-led wage mediation talks Monday in a last-ditch effort to avert a strike at the world's l

Court orders union to maintain normal production during any strike; Samsung shares jump 6.7%. Read more at straitstimes.com. Read more at straitstimes.com.

While crisis has put South Korea on edge, government threatened to order arbitration

Samsung Electronics management and its labour union resumed negotiations on Wednesday ahead of a threatened 18-day strike by nearly 48,000 workers starting Thursday.

Planned action comes amid painful supply crunch in memory chips