Samsung's union puts off strike after reaching last-minute wage deal with management

Samsung Electronics’ labor union says it’ll hold off a planned strike and put a tentative wage deal with management to a vote. The announcement on Wednesday night alleviates concerns about the operation of the world’s largest memory chip maker. Union leader Choi Seung-ho says the union agreed to suspend a planned 18-day strike that he earlier said would start from Thursday. Senior Samsung official, Yeo Myounggoo, says the company hopes that the deal will be a starting point for more stable relations with the union. The union’s strike was feared to rattle global semiconductor supplies and the country’s trade-dependent economy.