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Strike Poses Risk to Korean Economy as $1.2 Billion Lost So Far

Mount Equity Group Tokyo Japan > News > Markets > Strike Poses Risk to Korean Economy as $1.2 Billion Lost So Far

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The risk to South Korea’s economy and global supply chains is growing as a nationwide trucker strike widens, curbing output at top steelmaker Posco and causing increasing damage to the petrochemicals sector.

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Jun 13, 2022  •  15 minutes ago  •  3 minute read  •  Join the conversation tj}gjfu462k(djzm)m5{b]34_media_dl_1.png Bloomberg RSS

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(Bloomberg) — The risk to South Korea’s economy and global supply chains is growing as a nationwide trucker strike widens, curbing output at top steelmaker Posco and causing increasing damage to the petrochemicals sector.

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The Ministry of Trade, Industry and Energy estimates the auto, petrochemical, steel and other key industries…

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