ICYMI: A nationwide strike by truck drivers in South Korea has disrupted shipments of a key cleaning agent for chipmaking, the Korean International Trade Association said
The eight-day strike has delayed cargo shipments for industries from autos to petrochemicals and spirits in the export-heavy nation, and cost South Korea's industry more than $1.2 billion in lost output and unfilled deliveries, according to the industry ministry.
"The Cargo Truckers Solidarity Union will immediately return to work, and the Ministry of Land, Infrastructure and Transport will make utmost efforts so that truckers can return to work..." the union said in a statement. Average daily shipments of about 74,000 metric tonnes of petrochemical products have been slashed by 90% due to the strike, the Korea Petrochemical Industry Association had said.Small business owners had voiced concern about the havoc a lengthy strike could have on the recovery from the COVID-19 pandemic, as the truckers launched their action less than two months after social distancing norms were lifted.
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