Samsung Shares Jump After Leaders Resume High-Stakes Union Talks

Samsung Electronics Co.’s shares jumped after company management entered make-or-break wage negotiations with its largest labor union aimed at averting a strike that could disrupt operations at the world’s biggest memory chipmaker.

Efforts by Korea’s top political and corporate leaders to de-escalate the standoff have, for now, eased fears of a major disruption to the nation’s pivotal semiconductor industry. A Korean court on Monday partially granted an injunction against potential illegal actions by the labor union, Yonhap News reported, also reducing fears. Samsung’s shares climbed as much as 6.7% in Seoul, reversing earlier losses.