Truckers are demanding official minimum pay, expanded benefits and input in determining freight rates
Seoul — The second mass strike by unionised truckers in South Korea in less than six months on Thursday has the potential to cripple supply chains in an export-driven economy, which is the world’s 10th-largest.
The government has also said there is no justification in broadening out Safe Freight Rate coverage, saying truckers already get paid fairly well.The transport ministry said about 9,600 people attended rallies on Thursday, while the Cargo Truckers Solidarity Union’s estimated members number 22,000. In contrast, some 420,000 truckers are estimated to be in South Korea, according to union officials.
During the June strike, five Korean steelmakers, including POSCO and Hyundai Steel, failed to ship 721,000 tonnes of products, according to the Korea Iron & Steel Association . The resulting output loss reached 1.15-trillion won, according to government estimates.The cement industry is expected to be one of the earliest hit by the truckers’ strike, with cement company clients not having storage space for more than two or three days worth of inventory.
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