Al Jazeera – Breaking News, World News and Video from Al Jazeera | South Korea’s stock market soars as Samsung union calls off planned strike AI generated summary, Read the full article for complete information. South Korea’s stock market surged more than 8 percent after Samsung Electronics and its union reached a tentative pay agreement that averts an 18‑day strike by roughly 48,000 workers, granting them 10.5 percent of the company’s operating profits; the deal eased fears of a disruption to the global memory‑chip supply, bolstering an AI‑driven rally already heightened by Nvidia’s record $58.3 billion profit, and helped lift the KOSPI more than 80 percent so far this year, with Samsung shares up over 7.5 percent, rival SK Hynix up more than 11 percent, and car makers Hyundai and Kia each gaining about 13 percent. Read more: https://www.aljazeera.com/economy/2026/5/21/south-koreas-stock-market-soars-as-samsung-union-calls-off-planned-strike?traffic_source=rss #SamsungElectronics #SamsungUnion #SKHynix #Nvidia #economy