South Korean state may prefer bigger stake in cash-rich HMM to a sale
The South Korean state could increase its stake in HMM to 72%, as the country’s ...
Busan Port Authority president Kang Jun-seok observing strike countermeasures in the port. Photo: Busan Port Authority
The Korea International Trade Association (KITA) today said it had received 32 complaints from 19 shippers that they had been impacted by the latest truckers’ strike.
Half the complaints alluded to financial penalties for delayed deliveries, while almost a third focused on disrupted production due to higher logistics costs. Others related to interrupted deliveries of raw and semi-finished materials.
KITA noted that one household goods exporter was adding logistics costs to its sales price on a daily basis, because it was missing ...
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