Samsung Electronics union to strike after pay talks fail

SAMSUNG ELECTRONICS CO LTD workers in South Korea will strike on Thursday after failing to reach a pay agreement. The decision follows the collapse of government-mediated negotiations between the labor union and management. Labor disruptions at the world's largest memory chipmaker could impact global semiconductor supply chains and production schedules.

The labor union leader announced the strike on Wednesday. This action follows the breakdown of final mediation sessions where both parties failed to reach a compromise on wage increases.