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S. Korean firms, industries threatened by COVID-19 outbreak

February 25, 2020


and with the kovat 19 outbreak gripping
South Korea businesses here are facing the biggest challenges they’ve seen a
long time even the largest firms Samsung and Hyundai have been affected on top of
that the country’s tourism sector and our refiners are also feeling the heat
Kim Jae Hee has this report the corona virus is disrupting South
Korean firms even the biggest companies in South Korea are being affected as
cases of the virus emerge among their employees Samsung had to shut down a
smartphone plant in Kumi gyeongsangbuk-do province for three days
after an employer was confirmed of the virus on Saturday one employee from
Hyundai Steel’s plant in the southeastern coastal city of Pohang has
also been confirmed to have the virus on Sunday forcing the company to
temporarily shut down part of the office building the employee works in meanwhile
South Korea’s travel industry has taken an especially big blow the sector has
seen new bookings fall by a whopping 80 to 90 percent this month
travel agencies say the situation is almost as bad as the IMF crisis Korea’s
three largest travel agencies are all going into emergency operating
procedures Hana tour South Korea’s largest travel agency said it will begin
implementing a three-day workweek for two months starting in March with
employees taking a 20% pay cut the second largest agency moudou tour is
offering paid leave for up to two months with a maximum of 70 percent of usual
pace starting next month the shipping industry has been disrupted as well
along with the tourism industry the shipping industry is also suffering
because the exchange of goods and parts with China has not been smooth recently
the drop in demand for aviation and shipping fuel along with lower oil
experts to China has her oil refiners and chemical firms South Korea’s biggest
old refiner SK innovation lowered its first quarter operating profit forecast
to 71 percent of what a tough forecast a month earlier
South Korea’s third largest refiner as soil also saw its forecasts fall to
around 82 percent of last month’s forecasts experts say with recent surge
and confirmed coronavirus cases raising uncertainties more
companies may see further damage kim daehee Arirang news

60 Comments

  • Reply Gamer Wits February 24, 2020 at 6:02 am

    be thankful to china
    with such gifts as SARS, MERS and CONVID19

  • Reply Master of Mashup February 24, 2020 at 6:05 am

    Our love and support goes out to our brothers and sisters in S. Korea and China. Stay strong and hopefully your governments will get things under control.

  • Reply Michael Flaherty February 24, 2020 at 6:08 am

    Someone must push to Philippines by investigating the amount of virus victims that are there they are not giving any information the corrupt government there is hiding everything about the virus

  • Reply Coco blade February 24, 2020 at 6:08 am

    People need to prep 3month food and water .boost r immune system

  • Reply lovelove February 24, 2020 at 6:09 am

    I cant afford health insurance like 45,000,000 other Americans, should I be concerned ?

  • Reply Oliver Heaviside February 24, 2020 at 6:12 am

    with china shutting down there is much less demand for oil, the situation isn't likely to turn around soon

  • Reply vpasify February 24, 2020 at 6:13 am

    WHO-are they sleeping???

  • Reply Um Alaia February 24, 2020 at 6:14 am

    A few millions less doesn't matter. But all the pain people are doing to animals does matter!

  • Reply ROBERT S February 24, 2020 at 6:16 am

    USA is next if they follow WHO guidelines 🤦‍♂️

  • Reply A K February 24, 2020 at 6:19 am

    Samsung shutdown and I am watching this with my Samsung mobile.

  • Reply Mike D February 24, 2020 at 6:20 am

    Ah thank Iran for the honest number. Still wonder how the corona got there

  • Reply Land Lord February 24, 2020 at 6:20 am

    Bad yes, but thousands deaths every day because other viruses…

  • Reply aviatorgeek99J February 24, 2020 at 6:22 am

    The word "quarantine" originates from the Venetian dialect form of the Italian quaranta giorni, meaning "forty days". This is due to the 40-day isolation of ships and people before entering the city-state of Ragusa (modern Dubrovnik in Croatia). This was practiced as a measure of disease prevention related to the Black Death, between 1348 and 1359. (Wikipedia)

  • Reply Michael February 24, 2020 at 6:24 am

    Good for the environment ultimately.

  • Reply Jason Lee February 24, 2020 at 6:29 am

    Canada will be hit harder and it's aging medical system won't be able to cope

  • Reply Lance Rexington February 24, 2020 at 6:32 am

    Buy American

  • Reply Wittzzz February 24, 2020 at 6:34 am

    Covid-19 is being cured by aids

  • Reply arun kumar February 24, 2020 at 6:34 am

    I pray for SK ..CV19 should have target NK I WOULD HAVE BEEN HAPPY

  • Reply No Commentary Gameplay February 24, 2020 at 6:40 am

    It's South Korea fault for not stopping flights from China

  • Reply Kim Jong-un February 24, 2020 at 6:40 am

    Here in the North no any problem

  • Reply Ash February 24, 2020 at 6:42 am

    Apparently COVID19 is really bad in Italy right now

  • Reply Rob Wills February 24, 2020 at 6:42 am

    Should have stopped all travel from China…. and quarantined people coming over.

  • Reply Adipati Edy February 24, 2020 at 6:43 am

    Terorist from CCP,. save, strong & care Korea

  • Reply BIGO GIRLS February 24, 2020 at 6:44 am

    North Korea wins

  • Reply Pallab Saha February 24, 2020 at 6:47 am

    Korea needs to be compensated for by China.

  • Reply AdamLook 7 February 24, 2020 at 6:55 am

    Supply and demand will be affected not just food but also electronics parts and devices, #CoronaCureNow

  • Reply Mobile Players February 24, 2020 at 6:57 am

    Everyone gonna blame da fucking China

  • Reply No Commentary Gameplay February 24, 2020 at 7:12 am

    Buy Made in the USA

  • Reply Danny Kwan February 24, 2020 at 7:15 am

    I see many cult members are blaming China instead of themselves, who the fuck go to Daegu? I don't see there's a outbreak in Seoul where most of the Chinese business persons and tourists visit, just admit that it is the cult of Shincheonji causing the outbreak of coronavirus in SK.

  • Reply keys island hopper February 24, 2020 at 7:16 am

    Greta must have cracked a little smile knowing millions might die

  • Reply Christopher O'Brien February 24, 2020 at 7:24 am

    Coronavirus kills on the second infection with ADE….doctors on the ground in China in separate locations have reported that second infections have a much higher death rate

  • Reply SalesPros February 24, 2020 at 7:34 am

    Karma is a bitch… Where is US now … Asian countries depend on China and Russia for steady development… If Trump can throw his own people under the bus.. what are you specting S. Korea … You fools…

  • Reply Thistlejoe Lullaby February 24, 2020 at 7:39 am

    S.Korea might make a complaint and demand for damages of that to China like the case PM2.5, but China definitely rejects it.

  • Reply Elaine Gilbert February 24, 2020 at 8:09 am

    This virus has the ability to easily mutate and spread consequential of the experimental nuclear power program from which it arose.

  • Reply Cipher Crypto February 24, 2020 at 8:13 am

    Get ready for a global depression thanks to China's incompetence.

  • Reply Mystical Sèrvañt February 24, 2020 at 8:14 am

    Imagine if you broke one of your legs tomorrow just being I said you would…

  • Reply Chris U.k February 24, 2020 at 8:19 am

    Asian women are beautiful, but not the fat ones

  • Reply Marius M February 24, 2020 at 8:25 am

    not good. with more malfeasance on the way.

  • Reply sebastian Sm February 24, 2020 at 8:33 am

    China eat bat. Korea eat dog

  • Reply Soulkeeper February 24, 2020 at 8:42 am

    al I want to know what are the symptoms of the corona no one talking about it like its secret

  • Reply Mata Man February 24, 2020 at 8:48 am

    Shocking voice. Find a better reporter 😑😑

  • Reply Rebel Yell February 24, 2020 at 8:51 am

    Does this mean gas prices are going to drop globally?

  • Reply Eddy Volt February 24, 2020 at 8:56 am

    North Korea needs to report numbers!

  • Reply First Last February 24, 2020 at 9:17 am

    Hope US will give out the vaccine soon. Other countries are innocent.

  • Reply Yogamannn February 24, 2020 at 9:18 am

    This should be a wakeup call to the world to Adopt aquaponic communities small scale completely sustainable green technology

  • Reply Coconutman Thai Thai February 24, 2020 at 9:32 am

    Send to Hollywood please, they love communist.

  • Reply Coconutman Thai Thai February 24, 2020 at 9:40 am

    Time for the snowflakes to grow up. Mom can't help you, the special safe place quiet room is gone. Grow up and find out what is important.. it's not music, movie stars, latest trend, the Kardashians, latte or 1,000,000 fake friends on Facebook. Time to grow up in 3, 2, 1

  • Reply Tom Durden February 24, 2020 at 10:07 am

    Why is Korea hit so hard?

    Short answer: Because of the quality of its health care system, the outbreak was detected. Undetected outbreaks in many other countries are very likely.

    Long answer: COVID-19 is a dangerous pandemic that will possibly infect 50 percent of the world population.

    The reason that so few people realise this, is that the main indication for a COVID-19 pandemic is not what we currently see (decreasing numbers of infections in China, small outbreaks in Italy and South Korea), but the main indicator for the upcoming world wide outbreak is what we currently do not see.

    What do we currently see? Outbreaks in Italy and South Korea. The interesting “coincidence” about the recent reports on the outbreak in South Korea and Italy is that both countries have a high level health care system and a high level of preparedness for such an outbreak.

    There are hundreds of countries in the world where an outbreak is possible since the virus already has spread to all continents except South America and Antarctica. But we now see well documented outbreaks in two specific countries: South Korea and Italy. Both countries have a high level of healthcare and a high level of preparedness for a virus outbreak. Logically, there are three explanations for this coincidence:

    The COVID-19 disease chooses countries with high level of health care and preparedness (obviously not true).

    It is just a coincidence.

    There are currently many cities and villages around the world with an outbreak, but outbreaks are only detected and followed up at locations with a high level of healthcare and preparedness.

    I think option 3 is the obvious explanation. Which implies that as we speak, many many outbreaks like in South Korea are happening in countries like Myanmar, North Korea, India and Iran. These outbreaks will go undetected, and adequate measurement like large scale testing of the local population will not be done. And subsequently there are no reports in increasing numbers of infections.

    An indication of such hidden outbreaks and thus a pandemic scenario is that infections will be found in people that have not visited China, and have not been in contact with people who did, but who did travel in countries where no large scale outbreak has been reported.

    Exactly that just happened: the latest infection found in Canada. That infected person had been to Iran, where according to the official figures less than 30 people are infected, in a population of 50 million. It is highly unlikely that the Canadian is infected in Iran by having contact with one of these less than 30 infected people. It is far more likely that already many (ten thousands?) people in Iran are infected, but not tested and not reported.

    In the coming weeks we may see more and more of these improbable traveller infections, which will create further evidence of the pandemic spread of the virus. And yes, such a pandemic is uncontainable, just like the flu. The US nor any other country is capable of keeping the flu virus out. COVID-19 is more contagious than the flu. So COVID-19 will spread throughout the world and you will likely be exposed to the virus some day later this year, unless you flee to a secluded cabin and live self-sustained.

    And I am not alone in this idea:

    “I think it is likely we will see a global pandemic. If a pandemic happens, 40% to 70% of people world-wide are likely to be infected in the coming year.”

    Prof. Marc Lipsitch

    Prof. of Epidemiology, Harvard School of Public Health

    Head, Harvard Ctr. Communicable Disease Dynamics

    Feb. 14, 2020

    What is also is distressing, is that for each person that has so far deceased from the virus, not 49 people are cured (2 percent fatality rate), but only 9. Which suggests that the virus actually has a 10 percent fatality rate. The theory that the fatality rate is just 2 percent (total number of deceased people, divided by the total number of infected people) Is based on the obviously flawed assumption that all currently infested people will be cured.

    Bases on the observations above, I expect there will soon be concern and panic, and the world economy will probably crash as a result.

  • Reply Lestat Angel February 24, 2020 at 10:11 am

    The level of intelligence here in the comment section is dangerously close to zero.

  • Reply Donald Kasper February 24, 2020 at 10:41 am

    Hey Xi, thanks for keeping this quiet for 3 months so it can spread worldwide. What a genius.

  • Reply Aika On Purpose February 24, 2020 at 12:30 pm

    Compared to China, South Korea is very honest about how serious this virus impact their economy.

  • Reply howare you February 24, 2020 at 6:38 pm

    The Korea Centers for Disease Control and Prevention screens up to 9,000 people a day. Korean government is making tremendous efforts to prevent the spread of infectious diseases.

  • Reply Matty Ghost February 24, 2020 at 8:07 pm

    Lol Nobody wants to visit the xenophobic Asians..Ooo the irony

  • Reply never forget February 24, 2020 at 11:20 pm

    hmmmm,, they said it spreads in the hospitals,.. what about the people they just brung back to america?? i honestly think they did it on purpose,,but geuss we will wait and see,in two weeks,how bad it is then,. they should of never have brung them back to the mainland.

  • Reply Stacion Blu February 25, 2020 at 12:31 am

    The fact the government is still letting people travel as normal is gonna cost them more money to contain this virus them it would to temporarily ban travel.

  • Reply Ivory Billed February 25, 2020 at 1:31 am

    These Asian economies will be laid waste when their employees are too scared to go to work. China is already toast and Korea is next. North Korea has no economy so it won't suffer as much.

  • Reply I’m crying in a corner While i count my money February 25, 2020 at 6:30 am

    we dont give a fuck anout industries shut them down.. fuck off we are fucking dying

  • Reply 릴리 February 25, 2020 at 7:11 am

    There is a real reason why Korea has become infected.
    This is because the Korean president is a dog of China.
    Numerous Koreans told him to refuse to enter China, but he didn't even listen.
    He told the people that China's suffering should be shared.
    This is why we should vote well.
    We elected a Chinese spokesman as president.
    Koreans are regretting it.

  • Reply N S February 25, 2020 at 9:53 am

    What's astounding is that people are still surprised by the emergency scenario in place already.
    It appears to be that most of the populous think this is something like a seasonal flu that will fix itself once summer comes around.

  • Reply Apelos Urgentes February 25, 2020 at 2:15 pm

    "Men have prepared the virus of death and My poor children will experience great suffering."

    Subscribe to the channel URGENT APPEALS: https://www.youtube.com/ApelosUrgentes/?sub_confirmation=1

    Follow: https://www.facebook.com/Urgent-Appeals-Our-Lady-Queen-of-Peace-Brazil-Anguera-1510676912571006/

    2,594 – Message from Our Lady, Queen of Peace, transmitted in 10/25/2005

    Dear children, stay ye away from evil and do not allow ye the devil to deceive you. Ye are only of the Lord. Only to Him ye must follow and serve. Men have prepared the virus of death and My poor children will experience great suffering. There will be no barriers to contain their advance. Mankind walks spiritually blind and behold, hard times have come for you. Kenya will need help. Pray ye. Do not turn ye away from the Lord. Forward with courage. This is the message that I transmit to you today in the name of the Most Holy Trinity. Thank you for permitting me to reunite you here once more. I bless you, in the name of the Father, of the Son and the Holy Spirit. Amen. Stay ye in peace.

    https://www.apelosurgentes.com.br/en-us/mensagens/2594

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