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  • Samsung braces for make-or-break labor talks as strike deadline looms Samsung braces for 'make-or-break' labor talks as strike deadline looms SEOUL, May 18 (AJP) - While the catastrophic risk of a full-scale chip strike looms larger than ever over South Korea's tech industry, Samsung Electronics' management and its largest labor union locked horns in a critical, last-ditch round of government-mediated talks on Monday to avert a historic shutdown. The high-stakes showdown comes just three days before a planned 18-day walkout.
  • KOSPI sinks as U.S. tech selloff and Samsung strike fears dampen sentiment KOSPI sinks as U.S. tech selloff and Samsung strike fears dampen sentiment SEOUL, May 18 (AJP) - South Korean stocks opened sharply lower on Monday, with the benchmark KOSPI falling below 7,300, after weeks of an unprecedented rally. The drop, the lowest since May 4, came as investors reacted to a global technology selloff and rising U.S. bond yields, while uncertainty over Samsung Electronics' ongoing labor dispute added further pressure.
  • Seoul bans brakeless fixie bicycles in public roads after fatal accidents surge Seoul bans brakeless fixie bicycles in public roads after fatal accidents surge SEOUL, May 18 (AJP) - Seoul has formally banned brakeless fixed-gear bicycles, or so-called fixie bicycles, from public roads, bike lanes and parks across the city, following a fatal accident last summer and a 50.4 percent jump in youth bicycle crashes that police have linked to a viral fixie trend among middle and high school students.
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