SOUTH KOREA: Economy, exports, take huge hits as car workers and others strike - report
An ongoing nationwide strike by union workers, including those in the car industry, has cost the South Korean economy 102.5 billion won (about $US86.4 million) in lost output so far, an official at the Ministry of Commerce, Industry and Energy told Dow Jones Newswires on Friday. Three car makers, Hyundai Motor, Kia Motors and Ssangyong Motor, have seen a combined 100.1 billion won in production losses and were hit hardest by the strike that began Wednesday, the official reportedly added.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable