KOSPI pares early losses as Samsung jumps on court ruling

Samsung Electronics shares jumped nearly 4 percent Monday after a court partially sided with the company in its request for an injunction against labor unions planning a large-scale strike, easing investor concerns over potential disruptions to chip production.

The company’s shares climbed 3.88 percent to close at 281,000 won ($188).

Together with SK hynix, Samsung Electronics has recently been driving the KOSPI’s record-breaking rally amid optimism over sustained growth in the artificial intelligence (AI) industry.

In its ruling, a district court in Suwon, Gyeonggi Province, said the unions should maintain normal staffing levels for operations related to safety facilities, prevention of equipment damage and measures to prevent product defects, effectively limiting the scope of the planned walkout.

The labor unions, which are demanding the abolition of the current cap on performance bonuses, had previously announced an 18-day strike scheduled to begin Thursday.

In response, the chipmaker submitted the injunction request against the unions on April 16, arguing that the planned collect