[South Korean Prime Minister: A One-Day Shutdown of Samsung Semiconductor Factory Could Result in Losses of Up to 1 Trillion Won] Odaily Planet Daily News – Samsung Electronics and its South Korean labor union will resume wage negotiations next Monday with the participation of a government mediator, a move that may ease market concerns over a potentially disruptive strike by the tech giant. 'A one-day shutdown of Samsung Electronics' semiconductor factory alone is estimated to cause direct losses of up to 1 trillion won (approximately $668 million),' South Korean Prime Minister Kim Min-seok said on Sunday after holding an emergency meeting with ministers. 'What’s even more concerning is that a brief halt in semiconductor production lines could result in months of production recovery delays.' Kim Min-seok further added that if materials have to be discarded due to the strike, market concerns suggest economic losses could expand to as much as 100 trillion won. According to regulations, if the South Korean government determines that a labor dispute could endanger the economy or public welfare, the Minister of Labor can issue an emergency arbitration order. This order would immediately prohibit industrial action for 30 days while the National Labor Relations Commission conducts mediation and arbitration. This measure is rarely invoked. (Jin10)