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Truckers pay $1.2 billion in S Korea for missing ships | Rare Techy


South Korean truckers are estimated to have cost the country $1.23 billion in lost cement, steel, automobiles and petroleum.

And that’s the only way for now, says Seoul’s corporate office, as the government and union strike are far from a compromise.

On Thursday, the eighth day of a national strike involving more than 20,000 truck drivers, the government prepared to call more of them to work.

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The concrete, steel, machinery and oil industries have seen 1.6 trillion in missing ships in the seven days since the strike began last week, the ministry said in a statement. .

This includes 562,600 tons of steel worth 731.3 billion, 6,707 cars worth 319.2 billion won, and 259,238 kilos of oil products worth 442.6 billion have been transferred, he said.

No date has been set for the next round of negotiations. Two people at Wednesday’s meeting said shouting had broken out during Wednesday’s meeting between the government and strike organizer Cargo Truckers Solidarity Union (CTSU).

The government has said it will not extend a minimum wage system for truck drivers beyond three years, which the union says must be sustainable and broad-based.

Kumho Tire Co IncSouth Korea’s No2 tire maker, which makes 65% of its sales from exports, says it is cutting 15% to 40% of output at its two factories. only until December 6 because the ships were damaged by the strike.

Fish, Kimchi Delivery Scrapped

Member companies of Korea International Trade Association (KITA) said in a statement that fresh products such as fish and kimchi have been banned due to industry restrictions, without giving exact figures.

Exports to Samsung Electronics’ Gwangju plant, which mainly produces refrigerators and air conditioners, have been banned, although raw materials and other shipments are moving freely, the agency said. Yonhap reported, citing a plant official. Samsung Electronics said it is monitoring the situation.

The government is preparing to order oil industry trucks back to work, the industry ministry said Thursday, after it issued an unprecedented order ordering the return of 2,500 industry trucks. concrete to do this week. As of Wednesday, 350 of those drivers had been placed on those orders.

Failure to get back on the road after the “start work” order can result in fines or jail time, as well as license fees to drivers.

  • Reuters and additional editing by Sean O’Meara

Read more:

Economic Cost Concerns as Korean Trucks Continue to Strike

South Korea Meets Trucking as Supply Chains Suffer

South Korea’s Yoon Warns Against Truck Killers

Sean O’Meara

Sean O’Meara is an Editor at Asia Financial. He has worked in newspapers for over 30 years, working for local, regional and national titles in the UK as a writer, sub-editor, page designer and editor. A football, cricket and football fan, he has a keen interest in sports finance.


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