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South Korea's container ports blocked due to truckers 2nd strike over minimum wages
Posted on November 25, 2022 |
- The box traffic will drop by 40% to normal levels due to the blockage of 2 of South Korea’s busiest container ports, Busan and Gwangyang.
- The container movement at major ports today totaled just 14,695 TEU, compared with the usual 36,655 TEU and in Pohang, a major industrial area, incoming and outgoing shipments were also delayed.
- The indefinite strikes began at midnight on 24 November and will see 20,000 truckers join the protest line.
- The truckers are calling on the government to extend and increase the abilities of a system known as the ‘Safe Freight Rate’ that computes minimum wage based on growing operating costs due to fuel prices soaring.
- The government will extend the scheme for 3 years but rejected other union demands as in June, an 8-day, non-violent strike of truckers cost over $1.2 billion in lost output and unmet deliveries before it ended with concessions for each side.