The week-long truckers strike over soaring fuel costs has ended after a compromise was reached between drivers and freight owners and container transportation companies on haulage rate hikes, reported The Korean Times.
The compromise came after an agreement between non-unionised truckers and the employers association for a rate increase. The two sides agreed to end the strike first and raise trucking rates.
The South Korean government says striking truckers are returning to work after reaching agreement with 39 employers, reports The Associated Press.
The week-long strike has disrupted operations at ports and damaged the country's export-driven economy with container traffic down to a third of the pre-strike levels.
The Ministry of Land, Transport and Maritime Affairs reported that 1,500 workers have ended the walkout of 13,000 truckers who went on a nationwide strike over rising fuel prices, demanding fuel subsides, an increase in haulage charges and a minimum wage.
Busan, which accounts for 70 per cent of the country's container throughput, was in better shape with traffic down to half its usual level, the ministry said.
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