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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...
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Jul 7, 2026 / Tyler Durden
Lithuania To Lift Ban On Nuclear Weapons, Following Finland
Lithuania To Lift Ban On Nuclear Weapons, Following Finland
First it was Finland which lifted its ban on the deployment of nuclear weapons, declaring its willingness to host NATO's arsenal (which is largely provided by the US), and now Lithuania has become the latest European country to move to do the same.
Lithuania, which has been a NATO member state since 2004, has newly declared its willingness to be part of the alliance's nuclear sharing program. "We would like to be the integral part of this nuclear deterrence," Lithuanian President Gitanas...
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Mar 24, 2026 / Ryan McMaken
McMaken on Stossel: Meet the Austrians
Politicians say they can “fix” the economy. But economists Friedrich Hayek and Ludwig von Mises pointed out how government “fixes" lead to bigger problems. Ryan McMaken is interviewed by John Stossel for this interview about what we can learn from Mises and Hayek.
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Jun 18, 2026 / Tyler Durden
Poland Moves To Tax Fuel Windfalls Earned During Iran War
Poland Moves To Tax Fuel Windfalls Earned During Iran War
Authored by Michael Kern via OilPrice.com,
Poland's government has approved a one-off windfall tax on fuel companies that benefited from soaring energy prices during the U.S.-Iran-Israel war, seeking to recover part of the billions spent protecting consumers from higher fuel costs.
The proposed levy would impose a 60% tax on excess profits generated between March and December 2026, during the closure of the Strait of Hormuz. The Polish Finance Ministry estimates the measure will raise around 4 billion zloty $1.1 billion.
Under the...
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