Economic Policy
Samsung Electronics labor talks break down amid strike fears
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Samsung Electronics and its largest union failed to reach an agreement in government-mediated talks on May 18, heightening concerns over a planned strike.
Samsung Electronics and its union failed to reach a wage deal on May 13 despite government mediation, increasing the chance of an 18-day strike from May 21. The union demands performance bonuses equal to 15 percent of operating profit.
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A panel has called on the Bank of Japan to proceed carefully with any interest rate increases.
A group of scholars, professionals and former government officials has established the Hong Kong Future Economy Institute in Hong Kong to address a talent gap in the shrinking field of local studies. The institute pledges to conduct research on housing planning, population policy and policymaking impact assessments. Its founding director says universities' focus on global topics has led to fewer researchers on pressing local issues.
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Prime Minister Sanae Takaichi will forgo overseas diplomatic trips at the start of the new year to focus on domestic policies like tackling rising prices. It has been customary for prime ministers to conduct bilateral visits before the ordinary Diet session in January, but she is instead encouraging ministers to handle such diplomacy.