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Samsung Semiconductor Plant Shutdown for One Day Would Cost 1 Trillion Won, South Korean PM Says

GateNews

2026-05-17 05:30:45

According to South Korea’s Prime Minister Kim Min-seok on Sunday, Samsung Electronics’ semiconductor factory stoppage for one day would cause direct losses of 1 trillion Korean won (approximately $668 million). He added that a brief production line halt could lead to months of recovery time, with potential losses reaching up to 100 trillion won if materials must be discarded due to strikes.

Samsung and its Korean union will resume salary negotiations on Monday with government mediator involvement, potentially easing market concerns about disruptions to the tech giant’s operations.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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