005930.KS is trading 7.1% up at KRW 295,500 after the company and its labor union reached a tentative agreement on wage and bonus structures, calling off a planned strike that was set to begin today.
- The resolution of the strike threat has eased investor concerns about potential disruptions to global memory chip supply.
- Analysts are now raising target prices for the stock, citing the removal of the strike risk and strong fundamentals in the AI-driven semiconductor market.
- The stock has staged a recovery from a recent low of KRW 276,000 on May 20.