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South Korea's government is preparing to utilize emergency arbitration to prevent or mitigate the impact of a potential strike at Samsung Electronics, the country's largest employer, as the company and its labor union prepare to resume pay negotiations amidst concerns that a strike could lead to significant economic losses. #Samsung #LaborDispute #SouthKorea #KR

Samsung Electronics and its union have failed to reach a pay agreement, leading to the threat of an 18-day strike by over 50,000 workers, which could significantly impact chip production, affect the South Korean economy, and benefit rivals like SK Hynix. #Samsung #LaborDispute #Economy #KR