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Crypto

Coinone becomes latest crypto exchange target in stake-buying race after Dunamu

Moves by South Korean financial firms to secure stakes in digital asset exchanges are accelerating as expectations grow that the separation of finance and digital assets may ease. Coinone held a signing ceremony for a strategic equity investment deal with Korea Investment Securities, OKX Ventures and Com2uS Holdings. Korea Investment Securities and OKX Ventures will each acquire 20 percent. The deal reshapes Coinone’s ownership while keeping CEO Cha Myung-hoon as the largest shareholder.

Industry

Samsung Electronics management and union reach tentative wage deal, halt general strike

Samsung Electronics and its labour union signed a tentative agreement on 2026 wage talks late on May 20, suspending a planned 18-day general strike from May 21 to June 7. The deal follows renewed talks after failed mediation and direct government involvement. Final approval depends on a union membership vote from May 22 to May 27. The agreement includes a new DS division special performance bonus scheme and an average wage increase of 6.2 percent.

Industry

Samsung Electronics labor talks fail to reach deal, to resume after mediation recess

Samsung Electronics and its labor union failed to reach an agreement in post-mediation talks over performance pay, and the National Labor Relations Commission recessed the meeting at 12:30 a.m. on May 20. The two sides will resume talks at 10 a.m. Key issues include scrapping a 50 percent cap on bonuses, how to distribute the bonus pool and whether to institutionalize any agreement, with a union-planned general strike set for May 21.