Samsung Electronics' shares surged on Thursday after it clinched an 11th-hour deal with its South Korean union to avert a strike, although the terms which included bonuses of around US$416,000 for some workers gave rise to some concern.

Samsung Electronics and its labor union are in crucial government-led talks. The aim is to resolve a dispute over pay and bonuses. A strike by 45,000 workers could disrupt global…

Samsung Electronics' union said it would suspend a strike set to begin on Thursday after the two sides reached a tentative pay deal.

Workers at chipmaker to hold vote on 2026 wage deal starting Friday