S.Korea trucker strike enters 7th day as economy faces risks

Steelmaker POSCO KS plans to halt some plants from Monday due to a lack of space to store unshipped products. Automaker Hyundai Motor 005380.KS has cut production at some lines. (The logo of POSCO is seen at the company's headquarters in Seoul)

SEOUL, June 13 (Reuters) - A strike by South Korean truckers entered its seventh day on Monday, posing a test for the country's new president and deepening stress on Asia's fourth-largest economy, already facing stagflationary pressures.

The strike by unionised truckers seeking higher pay has crippled ports like Busan in the export-dynamo economy, snarling the shipment of components and finished products for the automobile, steel, cement and liquor industries.