Hyundai, Posco Brace for Truckers Strike as Exports Face Turmoil
- Truckers union says it aims to block all South Korean ports
- Work stoppage would be second this year after June protests
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South Korean companies are rushing to set up contingency plans as the nation’s largest union for truck drivers prepares for a possible strike that would hamper the flow of key components, raw materials and exports.
The Cargo Truckers’ Solidarity division of the Korean Public Service and Transport Workers’ Union said it will block all ports in the country as part of the strike beginning Thursday. A work stoppage would be the second this year, after protests in June over a wage scheme curbed production of everything from autos to fuel and upended global supply chains.