Bank of Korea: Samsung strike is expected to drag down South Korea's GDP growth rate by 0.5 percentage points
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The Bank of Korea estimates that this strike could cause production losses in the semiconductor industry amounting to 30 trillion KRW; it is also expected that after the strike ends, it will take about three weeks for production lines to return to normal. Earlier this month, the South Korean government asked the central bank to assess the economic impact under various scenarios, and this report was subsequently compiled. The report makes predictions based on the following scenario: if labor negotiations break down, Samsung will launch an 18-day strike starting on May 21.
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