South Korean enterprises such as Samsung and Hyundai have been affected by the serious epidemic in India and Vietnam.

Published: Jun 3, 2021 13:21
[the epidemic in India and Vietnam is serious, Samsung, Hyundai and other South Korean enterprises have been affected] the epidemic situation in India is still very serious, affecting the entire Southeast Asian region. Among them, the scope of confirmed cases in Vietnam continues to expand. South Korean media pointed out that South Korean enterprises such as Samsung Electronics, Hyundai Motor and LG Electronics, which have set up factories in the two countries, have been affected.

The epidemic situation in India is still very serious, affecting the whole of Southeast Asia. Among them, the scope of confirmed cases in Vietnam continues to expand. South Korean media pointed out that South Korean enterprises such as Samsung Electronics, Hyundai Motor and LG Electronics, which have set up factories in the two countries, have been affected.

Hyundai's car factory in Chennai, India, was forced to stop production for 10 days last month and was able to resume production on June 1 after three to two shifts, BusinessKorea reported. But that could still lead to a decline in car production. In addition, local staff are opposed to resuming work under the trend of repeated outbreaks, and whether this will affect the production progress of the factory remains to be seen.

India and Vietnam are also important production bases for Samsung Electronics and LG Electronics. Currently, Samsung's smartphone factory in Noida, India, has a capacity utilization rate of 40%. As smartphone sales continue to grow and mobile phone brands launch new phones centrally, Samsung's market position is likely to be hit. On the other hand, LG Electronics is also facing severe challenges in product supply.

Although in recent years, South Korean companies such as Samsung Electronics and LG Electronics have increased their investment in India and Southeast Asian countries, reducing production capacity in mainland China to a certain extent, the sudden outbreak of the epidemic has also cast uncertainty over the future investment of the two South Korean enterprises.

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South Korean enterprises such as Samsung and Hyundai have been affected by the serious epidemic in India and Vietnam. - Shanghai Metals Market (SMM)