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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Striking South Korean truckers say they may block coal to power plantThe trucker strike has cost key industrial sectors more than $1.2 billion in lost production and unfilled deliveries, the South Korean government estimates on Monday, June 13.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Duterte sends off patrol ship to South China Sea - BusinessWorld OnlinePRESIDENT Rodrigo R. Duterte on Sunday led the commissioning of a Coast Guard ship that is set to patrol Philippine-claimed territories in the South China Sea, years after foreign policy experts started criticizing him for his government’s lack of presence in the waterway.
Source: bworldph - 🏆 9. / 68 Read more »
Striking South Korean truckers say they may block coal to power plantThe trucker strike has cost key industrial sectors more than $1.2 billion in lost production and unfilled deliveries, the South Korean government estimates on Monday, June 13.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Russia willing to 'extend help' to Philippines with energy sources, says envoyRussian Ambassador Marat Pavlov on Monday said Russia is willing to cooperate with the Philippines amid the spike of oil prices due to the conflict between Russia and Ukraine. And what do the expect from the Philippines in return for this 'help'? Should the PH start supporting Putin for its genocide? Why not? Ayaw daw sa kumonista pero kamping-kampi sa China at Russia. 🤦🏽
Source: gmanews - 🏆 11. / 68 Read more »
Marcos gov't urged to pursue legislation on ‘fuel cost unbundling’The incoming Marcos administration is being urged to pursue key legislation that will compel the oil companies to “unbundle” or segregate the various cost items they have been passing on to consumers at petroleum pumps.
Source: manilabulletin - 🏆 25. / 51 Read more »