October 11, 2016 / 5:06 AM / a year ago

S.Korea finmin says ongoing strikes could weaken recovery momentum

SEOUL, Oct 11 (Reuters) - South Korea’s finance minister expressed worries on Tuesday that ongoing strikes in a number of industries, like auto and rail, could hamper the economy’s recovery momentum if they are extended for a longer period of time.

“We strongly urge the employees at the cargo alliance, state-run companies and carmakers to stop their strike action immediately and return to their workplace,” said Finance Minister Yoo Il-ho in a speech for a regular government meeting.

Reporting by Christine Kim; Editing by Michael Perry

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