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

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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.

 

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