News Formal

S.Korean industries face losses worth $1.2 billion due to trucker strike - industry ministry

  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

A strike by truckers in South Korea has cost the economy $1.2 billion in lost production and unfulfilled deliveries, according to a government estimate

FILE PHOTO: Members of the Cargo Truckers Solidarity union attend a protest in front of Hyundai Motor's factory in Ulsan, South Korea, June 10, 2022. REUTERS/Byungwook Kim

SEOUL - South Korean industries, including auto, steel, petrochemical and cement, face accumulated losses worth about 1.6 trillion won as of Sunday due to the ongoing trucker strike, the country’s industry ministry said on Monday. The industry ministry said in a statement the estimated 1.6 trillion won was based on losses in production, shipment and exports.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Korean factories are rushing to replace humans with robotsA new law that came into effect in South Korea has spurred an increase in investment in robots in the nation since the regulation states if workers die or sustain serious injuries during work, courts could fine the CEO or high-ranking managers of the firms or even send them to jail. Now they'll never be injured again.. Or eat
Source: IntEngineering - 🏆 287. / 63 Read more »