It said some steel and cement factories had halted operations and some striking truckers obstructed cargo transport at some major southeastern ports. The Ministry of Trade, Industry and Energy said Monday that the first six days of the strike had caused an estimated 1.6 trillion won ($1.2 billion) in damages.Įarlier Tuesday, about 6,800 truckers rallied at various sites across South Korea on their eighth day of the strike, according to the Transport Ministry. “We feel very sorry to the people for causing concerns.” “It’s fortunate that the Cargo Truckers Solidarity withdraw its collective refusal of (cargo) transport and decided to return to work now,” the Transport Ministry statement said. (2 minutes) SEOULThe South Korean government reached a deal with truckers to extend a minimum-wage plan, ending a weeklong strike that had snarled. The union said drivers will immediately return to work. They said the ministry agreed to seek to extend the current rules on minimum wage guarantees and consider increasing fuel subsidies for truckers. There have been no reports of substantial disruptions of key South Korean export items such as semiconductors and automobiles, Industry Ministry officials said.ĭuring their fifth round of negotiations on Tuesday night, representatives of the truckers and Transport Ministry officials reached a deal on ending the strike, the Cargo Truckers Solidarity and the ministry announced in separate statements. The truckers were demanding an extension of a basic freight rate system that guarantees basic. About 7,200 members or roughly 30 of the Cargo Truckers Solidarity union were on strike, the countrys transport ministry said. The strike’s damage has been largely limited to domestic industries, though experts say a prolonged strike could have undermined global supply chains already hit by Russia’s invasion of Ukraine and China’s COVID-19 restrictions. The strike presents President Yoon Seok-youl, in power for just a month, with one of his first big economic challenges.
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