Samsung's (005930 KS) non-chip unit seeks to halt pay vote, Yonhap reports

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[MARKET ANALYSIS] Markets are optimistic as a US-Iran deal seemingly inches closer; volumes are anaemic amid market holidays in UK and US

Iran's Foreign Ministry Spokesperson says the 14-point MoU is focused on an end to the war and US naval blockade in exchange for Iran taking steps to ensure safe passage through Hormuz

Samsung's (005930 KS) non-chip unit seeks to halt pay vote, Yonhap reports

[MARKET UPDATE] Crude rises alongside the USD whilst stocks and bonds dip from best levels after Iranian Foreign Ministry spokesperson says "nobody can say that an agreement between US and Iran is imminent"

Iran's Foreign Ministry Spokesperson says Iran is negotiating an end to the war and is not currently discussing nuclear issues, a framework has been reached but nobody can say that an agreement is imminent

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  • DX division union plans to file an injunction with Suwon District Court on 26th May to halt a vote on a provisional 2026 wage agreement, alleging it was excluded from the ballot by the company's largest union.
  • Under the provisional agreement, semiconductor division employees stand to receive KRW 210-600mln in bonuses, while DX division employees covering smartphones, home appliances and TVs would likely receive only KRW 6mln in company stock.

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