S.Korean industries face losses worth $1.2 billion due to trucker strike – industry ministry

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Updated: Jun 13, 2022, 05:23 UTC

SEOUL (Reuters) - South Korean industries, including auto, steel, petrochemical and cement, face accumulated losses worth about 1.6 trillion won ($1.24 billion) as of Sunday due to the ongoing trucker strike, the country's industry ministry said on Monday.

Members of the Cargo Truckers Solidarity union attend a protest in front of Hyundai Motor's factory in Ulsan

SEOUL (Reuters) – South Korean industries, including auto, steel, petrochemical and cement, face accumulated losses worth about 1.6 trillion won ($1.24 billion) as of Sunday due to the ongoing trucker strike, the country’s industry ministry said on Monday.

The industry ministry said in a statement the estimated 1.6 trillion won was based on losses in production, shipment and exports.

($1 = 1,285.3000 won)

(Reporting by Heekyong Yang; Editing by Jacqueline Wong)

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