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Samsung Union Authorizes Massive Strike At Memory-Chip Plants After Mediation Talks Collapse
Samsung Union Authorizes Massive Strike At Memory-Chip Plants After Mediation Talks Collapse
Asian equities extended losses for a fourth straight session, with South Korea's benchmark KOSPI falling about 1% as the market priced in the shock of an imminent labor action at Samsung Electronics.
A full-scale, 18-day strike involving more than 47,000 workers at the world's largest memory-chip maker is set to begin Thursday, raising the risk of production disruptions across the global semiconductor supply chain, which is already tight due to AI data center buildouts.
Samsung Electronics' talks with...
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May 18, 2026 / Tyler Durden
Samsung, Union Resume Talks After Labor Action Scare; Goldman Says "Korea: Buy"
Samsung, Union Resume Talks After Labor Action Scare; Goldman Says "Korea: Buy"
Downward momentum in South Korean stocks was halted on Monday as optimism returned to Samsung Electronics after the company and its union reopened talks to resolve contract disputes and avert a strike that could begin as soon as Thursday.
Bloomberg reported that the union's leader would "sincerely engage" with Samsung executives. The world's most important memory chip maker was also granted several requests by a Korean court, including orders to block the union from occupying company facilities.
The union...
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Apr 2, 2026 / Tyler Durden
Trump Puts State Farm, Other Insurers On Notice Over Treatment Of California Wildfire Victims
Trump Puts State Farm, Other Insurers On Notice Over Treatment Of California Wildfire Victims
Authored by Chris Summers via The Epoch Times (emphasis ours),
President Donald Trump on March 31 told State Farm and other insurers to “get their act together” after meeting with California politicians and hearing about the difficulties facing the victims of last year’s wildfires.
A home is engulfed in flames during the Eaton fire in the Altadena area of Los Angeles County, Calif., on Jan. 8, 2025. Josh Edelson/AFP via Getty Images
Two areas outside Los Angeles were devastated...
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May 22, 2026 / Tyler Durden
Crowd Burns Ebola Treatment Center In Congo Amid Dispute Over Body
Crowd Burns Ebola Treatment Center In Congo Amid Dispute Over Body
Authored by Zachary Stieber via The Epoch Times,
People set fire to an Ebola treatment center in a town at the heart of the outbreak in eastern Congo on May 21 after being stopped from retrieving the body of a local man, witnesses and police said.
“The police intervened to try to calm the situation, but unfortunately they were unsuccessful,” Alexis Burata, a local student who said he was in the area, told The Associated Press.
“The young people ended up setting...
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