Samsung Electronics' trade union is proceeding with an 18-day strike involving 48,000 workers due to collapsed negotiations on bonus payments. This action poses a threat to South Korea's economy and global semiconductor supply.

Samsung Electronics’ trade union plans for 48,000 workers to walk off the job on Thursday after efforts to clinch ‌a deal on bonus payments fell through, threatening the health of South Korea’s economy and the global supply of semiconductors. Union leader Choi Seung-ho said that the 18-day strike would go ahead as management had not come round on one remaining sticking point in talks mediated by the government. “I want to make clear ⁠that we had accepted the final proposal presented by...