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  • 2 hours ago
About 48,000 workers at Samsung Electronics in South Korea are set to begin an 18-day strike after negotiations over employee bonuses failed. The planned industrial action has raised concerns about potential disruptions to the already tight global memory chip supply chain and possible negative impacts on South Korea’s economy. Samsung’s shares fell more than 3% following the announcement.

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00:00Some 48-thousand workers at Samsung Electronics in South Korea are set to go on strike starting
00:05Thursday.
00:06That's after the company failed to reach an agreement with its union over employee bonuses,
00:11triggering a planned 18-day strike.
00:14The move has raised concerns about the already tight global supply of memory chips as well
00:18as the possible damage to South Korea's economy.
00:21Samsung's shares dropped more than 3 percent on this news.
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