Samsung wage deal eases fears of economic shock, global chip supply disruption

SEOUL - Samsung Electronics Co., the world's largest memory chipmaker, and its largest labor union reached a last-minute wage agreement, easing concerns over potential damage to South Korea's export-driven economy and disruptions to the global supply chain.Industry observers said the tentative agreement reflected a growing sense of urgency shared by both labor and management over the potentially severe economic impact a full-scale strike, initially scheduled for Thursday, could have had on the broader South Korean economy. Estimated losses were projected to reach as high as 100 trillion won…READ FULL ARTICLE