#SamsungStrikeBegins
About SamsungStrikeBegins
On May 20, South Korea's labor mediation failed and negotiations collapsed. Around 45,000 chip division workers will launch an 18-day strike starting May 21 through June 7, the largest labor action in Samsung's history. KB Securities estimates the strike will disrupt 3%-4% of global DRAM supply and 2%-3% of NAND, pushing chip prices higher. The Bank of Korea warns the worst case could cut GDP growth by 0.5 percentage points, with daily losses up to $670M.
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