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Analysis Yoon Suk-yeol faces off against unions as strike threatens South Korean economyPresident threatens jail time and fines for truckers after days of protests for higher wages and safety standards Following state council deliberations, South Korea’s transport ministry said it would issue an unprecedented return-to-work order under Article 14 of the Transport Truck Business Act on Tuesday. The order applies to cement truck drivers participating in a general trucking strike, which has now entered its sixth day. The government says the Cargo Truckers Solidarity Union (CTSU) strike costs the economy some $225 million (300 billion KRW) every day it continues, and Yoon is now promising that any worker who continues to strike will face criminal prosecution of up to three years imprisonment and a fine of up to 30 million © Korea Risk Group. All rights reserved. |





