(ATTN: CHANGES headline, slug, photo; UPDATES throughout with end of strike)
SEOUL, June 29 (Yonhap) -- The truckers' union said Friday it ended its five-day strike after reaching an agreement with the transportation association on a fare increase.
Thousands of unionized cargo truckers across the country have been on strike since Monday, demanding the government increase fees and reduce fuel costs.
After marathon negotiations that went well into the early morning on Friday with rounds of adjournments, the union and the Container Transportation and Container Yard Operator's Association (CTCA) agreed on fare hikes of 9.9 percent on average, according to the union.
Initially, the union called for a 30 percent raise, while the association proposed a 4 to 5 percent increase.
"Some 67 percent of the union members voted for the agreement," said Kim Dal-sik, the director of the union. "We asked all of our members to return to work upon the approval of the agreement," he added.
Ending the strike, the union issued a statement, saying the walkout "served as an opportunity to let the people know of poor working conditions for the truckers."
"But other key demands including the introduction of a standard freight system were not met. So we will continue to fight for our due rights," the union added.
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