Samsung Electronics' shares surged over 6% after the tech giant and its union reached a tentative pay deal, averting a potential strike. The planned 18-day walkout by nearly 48,000 members will be suspended pending a vote on the agreement. This development boosted the benchmark KOSPI index.

Samsung Electronics shares surged sharply on Monday after the company resumed mediated wage negotiations with its largest labour union, easing fears of a disruptive strike. The…

Court orders union to maintain normal production during any strike; shares jump 6.7pcGovernment officials warn that a strike could threaten economic growth and exportsUnion…

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.

Union to put tentative pay agreement struck with management to a vote