South Korean truckers’ strike enters third day, supply chain risks grow By Reuters


© Reuters. A general view of Kia Motor’s finished cars parked and waiting to be transported by car carriers which are now on strike at their factory, in Gwangju, South Korea, June 8, 2022. Yonhap/via REUTERS

SEOUL (Reuters) – Thousands of South Korean truckers were on strike for a third day on Thursday, disrupting shipments from ports and container depots and posing new risks to a strained global supply chain.

About 30% of the Cargo Truckers Solidarity union were on strike, demanding pay increases given the surge in fuel prices, the country’s transport ministry said.

South Korean President Yoon Seok-yeol on Thursday warned strikers not to use violence and said the government is trying to resolve the situation through dialogue.

A South Korean auto industry group called the strike “extremely selfish”, saying it would further pressure the sector which has been hurt by the global chip shortage.

Hyundai Motor Co has seen some disruption to production at plants in Ulsan as truck drivers refuse to deliver components to Hyundai’s plants, Yonhap news agency reported.

Hyundai Motor declined to comment on the matter.

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