Trucking strike in South Korea costing billions of dollars

 Sam ChambersJune 14, 2022

0 332 1 minute read


There’s no end in sight for the South Korean truckers strike, which has now stretched into its eighth day, costing Asia’s fourth largest economy close to $2bn and counting.

Steel mills, automotive plants, petrochemical complexes and microchip processors are all reporting difficulties in getting their products to market with truckers from the Cargo Truckers Solidarity union making very strategic protests in their demands for better pay.

The army was drafted in yesterday to help move containers from the nation’s ports, all of which have reported significant throughput drops since the industrial action commenced.

The truckers’ union said in a statement on Tuesday it would continue its general strike and condemned the transport ministry for being “neither willing to talk nor capable of resolving the current situation”.


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