KOBC sells $600m bonds as Seoul kickstarts box ship building programme
Korea Ocean Business Corp (KOBC) has issued $600m of bonds to finance the state’s ambition ...
South Korean truckers are set to strike again – an eight-day stoppage in June cost more than $1.2bn in lost output and unmet deliveries. The truckers’ union said it would begin the next nationwide strike tomorrow, which the prime minister claims would “cause irreparable damage to the national economy beyond logistics paralysis”. The truckers, who include those driving to major oil refineries, want the government to extend a minimum wage guarantee implemented during Covid. Reuters reports.
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