South Korea faces ‘unprecedented’ supply chain chaos from spread of coronavirus

South Korea was facing the greatest supply chain difficulties since the collapse of Hanjin Shipping in 2016. Shipping, ports and shipyards were among the industry sectors facing severe difficulties, Splash reported.

South Korea has raised its alert status to the highest level. The total number of infected people is now more than 5,200, up 10% day-on-day, with 38 reported deaths (as of Wednesday evening local time).

The Korea Shipping Association has warned that the supply chain disruptions in the country could become unprecedented if more manufacturers decided to suspend operations.

Ulsan, home to shipyard Hyundai Heavy Industries is less than an hour from South Korea’s most seriously affected city, Daegu.

Two other South Korean shipyards, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering, said that they were in talks with authorities in Geoje island to find ways to minimize the impact on shipyards.