South Korea has lost US$5.92 bln in trade in a week (from June 12-17) due to a strike by truck drivers - US$2.89 bln worth of exports and US$3.03 bln worth of imports This amounts to 1% of the value of South Korea's total trade last month. 13,496 truck drivers, including members of the Korea Cargo Workers Union, stopped moving freight nationwide from June 11 to protest surging fuel costs, demanding higher transport fees and bigger government fuel subsidies.
About 30 companies including LG Chem Ltd., Hanwha Chemical Corp. and Honam Petrochemical Corp. are having trouble operating plants in South Korea's largest petrochemical complex in Yeosu, where truckers are blocking the entrance of the complex.
23-Jun-08 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}