Samsung Electronics’ shares jump after tentative wage deal suspends strike

May 21, 2026

Samsung Electronics’ shares surged over 6% after the tech giant and its union reached a tentative pay deal, averting a potential strike. The planned 18-day walkout by nearly 48,000 members will be suspended pending a vote on the agreement. This development boosted the benchmark KOSPI index.

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ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong

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