Market Chatter: Samsung, SK Hynix Chip Plant Work Faces Delays as Concrete Transport Workers Strike

MT Newswires Live06-12

Construction of Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) chip plants could be derailed by the ongoing concrete transport workers' strike, Reuters reported Friday, citing local outlets.

The National Ready-Mixed Concrete Transport Workers' Union, which has 8,000 members, started the industrial action on June 9 in Seoul, demanding higher transport rates and other changes, the report said.

Both SK Hynix and Samsung Electronics have seen union members block deliveries from concrete plants, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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