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South Korea’s prime minister said Sunday that the state will look at all options to stop a strike or limit the harm if one takes place.
South Korea may use emergency arbitration to pause a strike at Samsung chip plants for 30 days.
KEY POINTS
- A one-day suspension at Samsung's semiconductor factory could cause direct losses of up to $668 million.
- Prime Minister warned losses could reach $66.8 billion if chip materials need to be scrapped.
- Samsung makes up 22.8% of South Korea’s exports and 26% of its stock market.
- The labor union refuses to accept arbitration pressure or a worse pay deal from Samsung.
COMPANIES
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