AJU PRESS - ASIA NEWS HUB

Samsung Live: Union to launch 18-day strike as planned after marathon talks collapse SEJONG, May 20 (AJP) -Samsung Electronics faces an unprecedented 18-day strike from Thursday after the union walked out of government-mediated marathon talks over revisions to the employee reward system at the tech giant whose market valuation has swelled to nearly $1 trillion amid the AI boom. Management and the Korean tech giant’s largest union held three days of talks at a government complex in Sejong u
Seoul, Washington to launch working group to advance nuclear submarine deal SEOUL, May 20 (AJP) - South Korea and the United States have agreed to launch a bilateral working group to implement security agreements reached at their summit last October, including Washington’s approval for Seoul to build nuclear-powered submarines. U.S. Under Secretary for Political Affairs Allison Hooker is set to visit Seoul within weeks to lead an interagency delegation for the talks. South Korea&
KOSPI, Nikkei extend slide as global bond yields hit multi-decade highs SEOUL, May 20 (AJP) - South Korean and Japanese equities extended losses Wednesday as a global bond rout intensified, with surging long-term yields rattling stock markets that had largely shrugged off Middle East tensions amid the AI-driven rally. As of 10:13 a.m., the benchmark KOSPI fell 0.87 percent to 7,208.53, while the tech-heavy KOSDAQ dropped 1.97 percent to 1,062.49 amid persistent foreign selling.