S.Korea truckers end strike; gov't agrees to extend pay guarantee
By Byungwook Kim and Heekyong Yang
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By Byungwook Kim and Heekyong Yang
Postal workers' planned strike adds fuel to logistics chaos
UIWANG, South Korea (Reuters) - South Korea's unionised truckers and the transport ministry reached an agreement on Tuesday, ending a nationwide strike that lasted for eight days, a truckers union said in statement
The risk to South Korea’s economy and global supply chains is growing as a nationwide trucker strike widens, curbing output at top steelmaker POSCO Holdings Inc and causing increasing damage to the petrochemicals sector. The South Korean Ministry of Trade, Industry and Energy estimates that the auto, petrochemical, steel and other key industries have seen production disruptions worth about 1.6 trillion won (US$1.2 billion) due to the strike. Disruptions from the stoppage would be more severe this week because many of the companies have reached the storage limits for their products, the mini...
AsiaToday reporter Lee Chul-hyunSouth Korea’s unionized cargo truckers staged a nationwide indefinite strike as scheduled. As the government has decla..