South Korea to hold first talks with striking truckers on Monday

FILE PHOTO: Unionized truckers shout slogans during their rally as they kick off their strike in front of transport hub in Uiwang, south of Seoul, South Korea November 24, 2022. Yonhap/via REUTERS

SEOUL (Reuters) - South Korea's government will meet a striking truckers' union on Monday for the first talks of a five-day nationwide walkout, as supply chain glitches worsen and concrete runs out at building sites.

The government, which estimates daily losses at about 300 billion won ($224 million) as supplies of cement and fuel for gas stations run short, raised its warning of cargo transport disruption to the highest level.