Samsung's labor union has delayed a planned strike after reaching a tentative wage agreement with management, following government-mediated negotiations regarding employee bonuses amidst rising profits.

Samsung Electronics and its labour union started talks today in a last-ditch bid to avert the biggest strike in the tech giant's history, amid concern that a walkout by more than 45,000 workers could ...

Samsung shares tumbled as much as 4.4% after the decision was announced.