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Samsung Labor-Mgmt Talks End Day 1 w/o Result; KOSPI Sinks ~2% AM
Samsung Electronics' employee and employer sides held another round of talks yesterday (18th) under government mediation, engaging in heated debate over issues including the ca...
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Samsung Labor-Mgmt Talks End Day 1 w/o Result; KOSPI Sinks ~2% AM
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Samsung Electronics' employee and employer sides held another round of talks yesterday (18th) under government mediation, engaging in heated debate over issues including the cap standard for bonus payouts.

As no agreement was reached on the first day, negotiations will resume this morning (19th). The Bank of Korea expected that the Samsung Electronics union strike will drag down economic growth by 0.5 ppts.

Related NewsJPM Raises Samsung Electronics TP to 480,000 Won; SK Hynix to 3 Million Won, Shifts to P/E-Based Valuation
KOSPI came under pressure this morning, currently down 1.95% to 7,369, while Samsung's share price dipped 1.78% to KRW276,500.

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