clearn.png
Sunday September 25th, 2022 4:26AM

Striking truckers in South Korea end strike, return to work

By The Associated Press
Related Articles
  Contact Editor

SEOUL, South Korea (AP) — Truckers in South Korea ended an eight-day strike that caused major disruptions to domestic production and cargo transport, their union and the government announced after negotiations Tuesday.

Thousands of truckers joined the nationwide strike, calling for an extension of temporary guarantees of minimum wages amid soaring fuel prices. The strike triggered delays in the shipment and delivery of steel, cement, petrochemicals, tires and other items, with some factories forced to halt production.

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. There have been no reports of substantial disruptions of key South Korean export items such as semiconductors and automobiles, Industry Ministry officials said.

During 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.

They said the ministry agreed to seek to extend the current rules on minimum wage guarantees and consider increasing fuel subsidies for truckers. The union said drivers will immediately return to work.

“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. “We feel very sorry to the people for causing concerns.”

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.

Earlier Tuesday, about 6,800 truckers rallied at various sites across South Korea on their eighth day of the strike, according to the Transport Ministry. It said some steel and cement factories had halted operations and some striking truckers obstructed cargo transport at some major southeastern ports.

During a Cabinet meeting, Prime Minister Han Duck-soo, the country’s No. 2 official, called the reported transport obstructions “illicit activities” that would never receive public support, according to Cho Yongman, a government spokesperson.

Cho cited Han as saying that the transport disruptions could pose “a big irrecoverable blow” to South Korea’s economy, which already faces other difficulties.

Police said Monday that they had detained 44 striking truckers but released most of them except for two who were formally arrested. Two additional truckers were detained Tuesday, the Transport Ministry said.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy
© Copyright 2022 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Russia lowers gas flows to Europe with part stuck in Canada
Russian state-controlled energy giant Gazprom says gas deliveries through a key pipeline to Europe will drop by around 40% this year
12:44PM ( 17 minutes ago )
US failed to stop fraud in COVID loan program, Clyburn says
The head of a congressional panel says the U.S. government failed to take basic steps at the start of the coronavirus pandemic to prevent fraud in a federal aid program intended to help small businesses
12:39PM ( 22 minutes ago )
Dangerous heat wave descends on parts of Midwest and South
Much of the Midwest and a swath of the South are facing a potentially dangerous and deadly heat wave, with temperatures that could reach record highs in some places and combine with humidity to make it feel like it’s 100 degrees or hotter in spots
12:36PM ( 25 minutes ago )
Associated Press (AP)
Bronx Zoo elephant named Happy isn't a person, court rules
The founder of the Nonhuman Rights Project says he is pleased the group managed to persuade two New York judges that Happy the elephant has legal rights
12:15PM ( 47 minutes ago )
Striking truckers in South Korea end strike, return to work
Unionized truckers in South Korea have ended an eight-day strike that caused major disruptions to domestic production and cargo transport
12:10PM ( 52 minutes ago )
Clyburn: US failed to stop fraud in COVID-19 loan program
The head of a congressional panel says the U.S. government failed to take basic steps at the start of the coronavirus pandemic to prevent fraud in a federal aid program intended to help small businesses
12:09PM ( 52 minutes ago )
AP Business
US stocks open higher a day after falling into bear market
Stocks are edging higher in early trading on Wall Street Tuesday, finding some stability a day after dropping into a bear market
9:44AM ( 3 hours ago )
US producer prices soar 10.8% in May as energy costs spike
U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from a bout of inflation that shows no sign of slowing
9:17AM ( 3 hours ago )
May US producer prices soared 10.8% as energy prices jumped
U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from a bout of inflation that shows no sign of slowing
9:07AM ( 3 hours ago )
AP Business - Economy
Russia lowers gas flows to Europe with part stuck in Canada
Russian state-controlled energy giant Gazprom says gas deliveries through a key pipeline to Europe will drop by around 40% this year
12:44PM ( 17 minutes ago )
US failed to stop fraud in COVID loan program, Clyburn says
The head of a congressional panel says the U.S. government failed to take basic steps at the start of the coronavirus pandemic to prevent fraud in a federal aid program intended to help small businesses
12:39PM ( 22 minutes ago )
Dangerous heat wave descends on parts of Midwest and South
Much of the Midwest and a swath of the South are facing a potentially dangerous and deadly heat wave, with temperatures that could reach record highs in some places and combine with humidity to make it feel like it’s 100 degrees or hotter in spots
12:36PM ( 25 minutes ago )
Wall Street wobbles a day after tumbling into bear market
Wall Street is wobbling Tuesday in its first trading after tumbling into a bear market on worries central banks will clamp the brakes too hard on the economy
12:36PM ( 26 minutes ago )
China city mayor apologizes over COVID-19 lockdown response
The mayor of a northeastern Chinese city on the North Korean border has apologized for unspecified failures related to its COVID-19 response
12:31PM ( 30 minutes ago )