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  • Korean tanker safely clears Red Sea in first Hormuz workaround Korean tanker safely clears Red Sea in first Hormuz workaround SEOUL, April 17 (AJP) -A South Korea-linked crude carrier has safely exited the Red Sea after loading oil in Saudi Arabia despite Iranian military's threat of attacks on the corridor along the Saudi coast in protest to U.S. naval blockade of Tehran ports. The Korean sea flag carrier makes the first confirmed shipment to reach Korean-bound routes via a Hormuz bypass since the Gulf conflict disrupted one of the
  • Samsung Elec seeks court injunction to block union strike Samsung Elec seeks court injunction to block union strike SEOUL, April 17 (AJP) - Samsung Electronics has moved to legally block a planned general strike by its labor unions, warning that disruptions to its semiconductor cleanrooms could trigger losses exceeding $20 billion and damage key client relationships. The South Korean tech giant filed for a provisional injunction with the Suwon District Court on Thursday to prevent what it described as "illegal" protest activities by a joint strike body formed by its three largest labor groups including the National Samsung Electronics Union (NSEU).
  • Hormuz crisis fuels air and sea charges, adding to input pressure in Korea Hormuz crisis fuels air and sea charges, adding to input pressure in Korea SEOUL, April 17 (AJP) - South Korean shipping lines are introducing emergency bunker surcharges as the prolonged conflict between Iran and the U.S.-Israeli coalition drives up fuel costs, adding to input pressures and, ultimately, consumer prices. Sinokor Merchant Marine, one of Korea's largest container operators, said it will impose an emergency
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