South Korea president warns of crackdown as trucker strike enters second day

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South Korea president warns of crackdown as trucker strike enters second day
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South Korean President Yoon Suk-yeol warned the government might step in to break up a nationwide strike by truckers, describing it as an illegal and unacceptable move to take the national supply chain 'hostage' during an economic crisis.

across the world's 10th-largest economy, affecting automakers, the cement industry and steel producers.

"The public will not tolerate taking the logistics system hostage in the face of a national crisis," Yoon said in a Facebook message late on Thursday, noting that exports were key to overcoming economic instability and financial market volatility. Were the government to take this option, it would be the first time in South Korean history such a order is issued.as its trade deficit persisted for a seventh month, underlining the slowdown in its export-driven economy.

Lee said apart from existing funds, the union will collect emergency funds among its members if the strike is prolonged. "We are desperate, but the government and politicians are calculating their political gains and not sincerely hearing us," he said. "The Yoon Suk-yeol government is threatening a hard-line response without any efforts to stop the strike," he told reporters on Thursday.

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