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Hyundai Motor, Posco restart shipments as trucker strike ends

Deal between union, South Korean government forestalls long walkout

Members of the Public Service and Transport Workers Union stage a rally to support a truckers strike outside the presidential office in Seoul on June 14.   © AP

SEOUL -- Hyundai Motor and steelmaker Posco resumed shipping products on Wednesday, after striking truckers in South Korea ended a more than weeklong strike that damaged their businesses and other industries in the country.

President Yoon Suk-yeol, who was facing a major early test in the form of the labor action that started about a month after he took office, welcomed its end. "It's time to cooperate as we are walking on ice due to a global economic crisis resulting from high consumer prices and high interest rates," Yoon told reporters.

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