South Korea’s trucker strike weighs on petrochemicals as output costs spike, stocks pile up
A nearly week-long strike by truck drivers in South Korea has raised domestic petrochemical production costs and crippled supply chains, multiple industry sources said on June 13. The logistics disruption was expected to mar downstream petrochemical shipments especially, which heavily rely on inland transportation. The Cargo Truckers Solidarity union launched the strike on June 8, demanding the extension of a…