Wednesday, May 14, 2003
SOUTH KOREAN TRUCKERS' STRIKE CRIPPLES ROK EXPORTS.
The protracted strike by truck drivers is a nightmare for Korean exporters, with the paralysis of the nation's two key ports of Busan and Gwangyang forcing them to lose up to $182 million in revenue each day.
Drivers in Busan, the nation's largest gateway handling nearly 80 percent of total shipping, voted Monday to continue their walkout that began Friday, raising fears that soon all operations there would come to a standstill.
The Korea International Trade Association warned that a few more days of transportation blockage would completely cripple major local manufacturing lines, thus hurting the nation's international image.