Samsung, South Korean Union Resume Talks As Strike Threat Risks Disrupting Memory Chip Fabs

Samsung, South Korean Union Resume Talks As Strike Threat Risks Disrupting Memory Chip Fabs Heavy selling swept across Asian markets on Friday, with South Korea's benchmark KOSPI plunging 6% as traders aggressively reduced exposure to the country's semiconductor sector. Samsung Electronics and SK Hynix led the decline. The catalyst for the sell-off was labor action risk headlines at Samsung, where the company's union threatened a strike that could disrupt production lines at the world's largest memory chip manufacturer. By Saturday morning, there was a major sigh of relief: Samsung and its...