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Over the past two days, South Korea's KOSPI index has fallen by -7% and Samsung has plummeted by -10%.
Both events occurred simultaneously.
1) A government official proposed taxing profits from AI and distributing dividends to all citizens.
Foreign investors sold off $3.8 billion in a single trading session because the market dislikes surprises from politicians.
2) Concerns about a Samsung strike have erupted. May 21 is only eight days away.
JPMorgan stated that an 18-day strike would wipe out 40 trillion won from Samsung's annual profits.
The market could recover quickly if the union accepts an agreement and the strike is canceled.
The next update from the union is the most important news in the Asian market right now.