Samsung Electronics' shares soared up to 6.5% after a tentative wage agreement with its South Korean union, averting a potential strike that could disrupt global chip supplies.

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…

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.

Samsung faces an 18-day strike after failed wage negotiations, threatening global semiconductor supply and the South Korean economy.