South Korea moves to support export supply chains as tariffs loom
In preparation for the expected introduction of wide-ranging tariffs on goods imported into the US, ...
© Sean Pavone
Access to South Korea’s two busiest container ports, Busan and Gwangyang, has been blocked, causing box traffic to fall to 40% of normal levels.
The blockades are due to 25,000 truckers, members of the Cargo Truckers Solidarity Union, going on strike again today, demanding a minimum wage system to manage the relentless increase in fuel prices.
The Ministry of Land, Infrastructure and Transport (MoLIT) said container movement at major ports today totalled just 14,695 teu, compared with the usual 36,655 teu.
In Pohang, ...
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