South Korea’s industries – including the automotive, steel, petrochemical and cement industries – were facing losses of about 1.6 trillion as of yesterday. Won ($ 1.24 billion) due to the ongoing truck driver strike, the competent ministry of the country announced today.
According to the South Korean Ministry of Industry, the estimate for 1.6 trillion. won for production losses, shipments and exports of products.
The country’s petrochemical companies today followed the example of the automotive and steel industries and reduced their production activities due to rising inventories, as transportation problems due to the truck drivers’ strike become more widespread in South Korea, a “superpower” of manufacturing. in Asia.
Truck drivers are on strike today for the seventh day in a row, protesting against rising fuel prices and demanding a minimum wage.
The mobilizations are paralyzing ports and freight terminals in South Korea – a leading supplier of cars, batteries, semiconductors, smartphones and home electronics – putting further pressure on global supply chains, which are already under siege. China to deal with Covid-19 as well as due to the Russian invasion of Ukraine.
SOURCE: ΑΠΕ-ΜΠΕ
Source: Capital
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