Inflation, trucker strike pose first test for South Korea's Yoon

Nation's CPI hit 14-year high of 5.4% in May; BOK set to hike rates further

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Trucks are parked next to containers at the Inland Container Depot in Uiwang, South Korea on Monday. A trucker strike is in its eighth day, and is hurting the nation's economy. © AP

KIM JAEWON, Nikkei staff writer

SEOUL -- Thousands of South Korean truckers were on the eighth day of a strike on Tuesday to protest a surge in fuel prices while demanding minimum pay guarantees.

The strike, which has crippled Busan and other ports and is preventing shipments to companies such as Hyundai Motor and steelmaker Posco, is emblematic of the country's struggle with soaring inflation.

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