News / Busan sees steep decline in volumes as truckers' strike hits key industries

South Korean truck drivers' strike. Credit Anne Tootill

South Korea is counting the economic costs of the fallout from the intensifying truckers’ strike, which is continuing for a third day as South Korea’s largest port in Busan reported a major decline in cargo movements.

Unionised truckers, including cement mixers and car-carrying trailers, have stopped work while non-unionised drivers have not shown up for work in fear of reprisals from their trade union colleagues.

The steel, auto and cement factories have mostly suspended shipments due to difficulties in moving their cargoes.

The ...