005930.KS is trading 5% down today at â‚©267,250, as it was announced that the company's largest labor union will proceed with a planned strike after negotiations failed.
- The union, representing nearly 48,000 workers, will move forward with the strike on May 21 after management rejected a government mediation proposal regarding bonuses and compensation.
- The stock move also aligns with broader pressure on the tech and semiconductor sectors from rising bond yields and geopolitical risks.
- On May 18, shares had risen nearly 4% on hopes that government intervention could avert the strike.