Shares in some affected industries rose in early trade, after the eight-day strike had delayed cargo shipments from autos to cement and alcohol, costing South Korea more than US$1.2 billion in lost output and unfilled deliveries.
"In the next two to three days, 100 per cent of unionised truckers at Busan port are expected to return to work after they get some rest. There might be some shippers who seek retributions, and in such cases, we will respond strongly." Yoo Ji-woong, an analyst at Daol Securities estimated the strike had impacted about 5,000 vehicles each for both Hyundai and Kia but said there were sufficient opportunities to make up for lost production during June through overtime.
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