Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Korea, republic of
  4. Korea Stock Exchange
  5. KOREA CEMENT co., Ltd
  6. News
  7. Summary
    A198440   KR7198440000

KOREA CEMENT CO., LTD

(A198440)
  Report
End-of-day quote Korea Stock Exchange  -  2023-02-05
2585.00 KRW   +0.19%
2022South Korea to order more truckers back to work on Thursday - media report
RE
2022South Korea's striking truckers say no deal reached in govt talks
RE
2022South Korea transport ministry to meet with striking truckers union on Monday
RE
SummaryQuotesChartsNewsCalendarCompanyFinancialsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

South Korea to order more truckers back to work on Thursday - media report

12/07/2022 | 12:34am EST
Policemen are deployed at a cement factory as unionized truckers go on a strike in Danyang

SEOUL (Reuters) - The South Korean government is expected to order truckers serving the petrochemical and steel sectors to return to work this week as a national strike by truckers entered its 14th day on Wednesday, media reported on Wednesday.

Late last month the government told truckers serving the cement industry, who made up around 10% of the 25,000 truckers involved in the strike, to return to work.

Another "start-work order", this time aimed at helping the petrochemical and steel sectors, is likely to be issued after President Yoon Suk-yeol meets with his cabinet on Thursday, online media outlet Money Today reported citing an unnamed high-ranking official in the presidential office.

Asked for comment by Reuters, the presidential office had no immediate response.

The strike has disrupted supply chains, and cost South Korea 3.5 trillion won ($2.65 billion) in lost shipments over the first 12 days, the industry ministry said on Tuesday.

The strike has reduced shipments of petrochemicals overseas to just about 5% of normal levels, while domestic shipments are at about 50-90%, the transport ministry said on Tuesday.

Several companies are considering cutting production starting next week either due to shortages of raw materials or because their inventories are piling up, or it added.

Steel shipments were 47% below normal on Monday, the ministry said.

Shipments of cement have bounced back to 93% of normal levels from 10% earlier in the strike, thanks to the government telling truckers serving the industry to get back to work, according to lobby group Korea Cement Association.

(Reporting by Joyce Lee; Additional reporting by Soo-hyang Choi; Editing by Simon Cameron-Moore)


ę Reuters 2022
All news about KOREA CEMENT CO., LTD
2022South Korea to order more truckers back to work on Thursday - media report
RE
2022South Korea's striking truckers say no deal reached in govt talks
RE
2022South Korea transport ministry to meet with striking truckers union on Monday
RE
2022Explainer-How South Korea's trucker strike could paralyse critical supply chains
RE
2022Frasers Property Unit Offers to Take Frasers Hospitality Trust Private
MT
2022Impact of strike by South Korean truckers on autos, steel, others
RE
2021Mirae Co., Ltd. agreed to acquire % stake in Dongkwang Leisure Co., Ltd. from KOREA CEM..
CI
2020KOREA CEMENT co., Ltd cancelled the acquisition of 22.5 % stake in PT. Topsco Steel Uta..
CI
2019KOREA CEMENT co., Ltd agreed to acquire 22.5 % stake in PT. Topsco Steel Utama for KRW ..
CI
2018Korea Cement Co., Ltd. cancelled the acquisition of 16.01% stake in Dongkwang Leisure C..
CI
More news
Financials
Sales 2021 65 673 M 52,1 M 52,1 M
Net income 2021 4 639 M 3,68 M 3,68 M
Net cash 2021 21 523 M 17,1 M 17,1 M
P/E ratio 2021 26,5x
Yield 2021 -
Capitalization 82 668 M 65,6 M 65,6 M
EV / Sales 2020 1,28x
EV / Sales 2021 1,55x
Nbr of Employees -
Free-Float 71,1%
Chart KOREA CEMENT CO., LTD
Duration : Period :
KOREA CEMENT co., Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KOREA CEMENT CO., LTD
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Managers and Directors
Hui-Taek Koo Chief Executive Officer & Director
Ki-Bum Hong Director & Head-Financial Planning
Dae-Wan Kang Chairman
Eul-Seong Park Chief Operating Officer & Vice President
Joong-Seop Byun Independent Director
Sector and Competitors