South Korean truckers' minimum wage system will be extended. The transport ministry also promises to review fuel subsidies and support.
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 tons of petrochemical products have been slashed by 90% due to the strike, the Korea Petrochemical Industry Association had said.
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