![]() ![]() The union has been demanding the legislation of the Safe Trucking Freight Rates System designed to prevent dangerous driving and guarantee minimum freight rates for truck drivers to cope with rising fuel prices. ![]() Members of the 25,000-strong Cargo Truckers Solidarity began a nationwide walkout last week, disrupting industrial activity in Asia's fourth-largest economy, which is set to slump next year. The cement industry, originally feared to come to a complete production halt, is now expected to see improved conditions as some of the striking truckers are returning to work, the ministry said.Ī long line of trucks parked near a cement company in Korea The loss included 562,600 tons of steel worth 731.3 billion won, 6,707 vehicles worth 319.2 billion won, 259,238 kiloliters of oil products valued at 442.6 billion won and 97.6 billion won worth of cement products, it said. The four sectors have seen 1.6 trillion won in lost shipments and unfulfilled deliveries since the strike began on Nov. ![]() The country’s four major industries – auto, steel, oil refining and cement – saw a combined loss of 1.6 trillion won ($1.23 billion) over the past week due to the strike, according to the trade and industry ministry. South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its eighth day on Thursday, disrupting the country’s supply chain and exports amid stalled talks between unionized workers and the government over minimum wage rules. A member of Korea's Cargo Truckers Solidarity union protests as truckers continue their strike ![]()
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