Cisco Forecasts Strong Fiscal 2027 Growth as AI Networking Demand Surges 
Gold Prices Slip From Two-Month High as Inflation and Fed Outlook Drive Markets 
US Dollar Holds Firm as Fed Outlook and Iran Tensions Keep Markets on Edge 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
SpaceX Shares Surge as Wall Street Backs AI Growth Potential 
Canada, US Hold Fresh Trade Talks as August 19 Tariff Deadline Nears 
Canada-US Trade Talks Gain Momentum Ahead of Aug. 19 Tariff Deadline 
Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms 
Oil Prices Rise as Hormuz Tensions Threaten Global Supply 
Maersk Raises 2026 Earnings Outlook as Shipping Profits Beat Expectations 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally 
Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook 
Trump Imposes New US Tariffs on Drone Imports Over National Security Concerns 
France Inflation Rises 2.4% in July as Consumer Prices Increase 
Gold Prices Retreat From Two-Month High as Softer Inflation Eases Fed Rate Hike Bets 
UK Economy Posts Surprise June Growth as World Cup and Hot Weather Lift Activity 
Add as a preferred source on Google
HiteJinro and its striking truck drivers have finally reached an agreement to resolve the conflict over working conditions. This development put an end to the strike that lasted for four months.
The truckers who are members of the Cargo Truckers Solidarity union's latest negotiation with Suyang Logistics turned out to be successful after reaching a common ground on Friday, Sept. 9. The logistics firm is one of the subsidiaries that is wholly owned by HiteJinro, and it was the one that hired the drivers which explains why Suyang made the negotiations with the drivers.
As per Korea Joongang Daily, the union of truckers originally submitted a request for an increase in freight charges by 30%. They cited the soaring fuel costs for the move but later agreed to just a five percent increase. Based on the agreement, the drivers will receive 150% of regular freight charges during holidays.
HiteJinro will also take back the damage claims it filed against the unionized workers earlier. However, the workers must stick to their promise that they will not hold another strike for the same reasons. Breaking this condition will likely result in the case being brought up again.
The South Korean multinational drink, brewing, and distiller company filed a lawsuit against 25 union workers for damages amounting to KRW2.8 billion or $2 million. The company said they disrupted the production works at the factories, which resulted in losses for HiteJinro.
As soon as the agreement was reached last week, the unionized truck drivers immediately withdrew and stopped their occupation of HiteJinro's headquarters. Also, at the height of the strike, some 132 drivers were terminated, and Suyang Logistics decided to hire back most of them but will still exclude some key union members.
HiteJinro, the Cargo Truckers Solidarity, and Suyang Logistics will now work together to further talk about ways to improve the working conditions for truck drivers. The Euljiro Committee, a group of Democratic Party lawmakers that champions employee rights, sent a congratulatory message to the union on Monday, Sept. 12.
"We appreciate that the agreement included HiteJinro, Suyang Logistics and the union engaging in a three-way discussion in the future, and we will do our best so that three parties can engage in meaningful conversations through the meetings," the Euljiro group said in a statement.
