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News New transport workers’ strike hits South Korean railways

New transport workers’ strike hits South Korean railways

Written by Global Cement staff 14 September 2023
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South Korea: The Korean Railway Workers’ Union called a four-day strike of its 13,000 members across South Korea on 14 September 2023. Reuters has reported that the union is seeking higher pay, improved working conditions and the expansion of bullet train services into South Seoul. The Ministry of Transport predicts that total cargo haulage will drop by 53 - 79%. The Korean Cement Association (KCA) said that a protracted strike would disrupt cement production. The industry is 40% reliant on rail transport.

A representative from a KCA member said “We have secured some inventory in preparation for the strike, but it's not a lot. If the strike lengthens, we will have to convert to land transport, which will drive up costs and hit profitability."

Last modified on 17 November 2023
Published in Global Cement News
Tagged under
  • South Korea
  • Rail
  • railway
  • Workers
  • Strike
  • Korean Railway Workers' Union
  • Transport
  • Shipping
  • logistics
  • Raw Materials
  • Ministry of Transport
  • Government
  • disruption
  • stockpiles
  • costs
  • Outlook
  • Roads
  • GCW626
  • Korea Cement Association
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