SEOUL - South Korean petrochemical firms on Monday joined the automobile and steel makers in cutting operations due to mounting inventories asspread quickly across Asia's manufacturing powerhouse.
The 22,000-strong union is protesting against soaring fuel prices and demanding minimum pay guarantees. Four rounds of negotiations with the government have failed to find a compromise. Steelmaker POSCO has said it would halt some plants due to a lack of space to store unshipped products.Prolonged labour strife could test President Yoon Suk-yeol, a political novice who took office five weeks ago, potentially distracting from his conservative agenda and raising the risk of long-term antagonism with powerful unions.
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
North Korea appears to have fired artillery shots, says South Korea
Source: STForeignDesk - 🏆 4. / 71 Read more »
North Korea fires multiple artillery shots, South Korea saysSEOUL: North Korea on Sunday (Jun 12) fired multiple artillery shots between 8:07am and 11.03am local time, South Korea's military said, in another show of force a day after leader Kim Jong Un vowed to boost the rec Paper tiger Pls. No more we have enough y can't u all leave in peace
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
South Korea trucker strike enters 7th day as economy faces risksSEOUL: A strike by South Korean truckers entered its seventh day on Monday (Jun 13), posing a test for the country\u0027s new president and deepening stress on Asia\u0027s fourth-largest economy, already facing stagflationary pressures. The strike by unionised truckers seeking higher pay has crippled ports like Busa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
South Korea's petrochemical shipments plunge 90% as trucker strike enters 7th daySEOUL: South Korea\u0027s average daily shipments of petrochemical products have plunged by 90 per cent since a strike by truckers in the country, the Korea Petrochemical Industry Association said on Monday (Jun 13). Volumes have been slashed to 10 per cent of the usual 74,000 metric tonnes since Many problems .... Petrochemical = Plastic Surgery
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
South Korea says to boost defence capacity to counter North Korean threat
Source: STForeignDesk - 🏆 4. / 71 Read more »
South Korea says to boost defence capacity to counter North Korean threatSINGAPORE: South Korean Defence Minister Lee Jong-sup said on Sunday (Jun 12) that his country would dramatically enhance its defence capabilities and work closely with the United States and Japan to counter North Korea\u0027s nuclear and missile threat. Lee, speaking at the Shangri-La Dialogue in Singapor The Cold War mentality is a disease that was brought by the USA from the 20th Century. So called enemies keep nuclear weapons as they felt threatened by the US, who also has nuclear weapons. Built up of weapons from each side does not make Asia feel safer. World needs to rethink.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »