Samsung Electronics recovers $66 billion intraday wipeout after Seoul steps in to calm strike fears
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Source: CNBC
Published: 2026-05-13 12:53 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Asia, South Korea, Economy & Finance, Financial Markets, Labour & Workers, Business & Economy, Asia Pacific
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Snippet:
South Korea's largest company Samsung Electronics lost as much as 99.07 trillion won ($66.18 billion) in market value on Wednesday after failing to reach a wage agreement with its workers union.
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