On Friday Hyundai Motor said that the company had to close down one if its factories in Ulsan, South Korea when one of its workers tested positive for Coronavirus.
As the news surfaced, the Hyundai Motor Company saw a dip in their share price by over 5% whereas the overall dip in the market was 2.6%. This was a fresh setback for the company which had recently resumed its production at local manufacturing units which were hit by the shortage of parts which come from China due to Coronavirus outbreak.
South Korea has the most number of Coronavirus infected population outside China, the epicentre of the virus outbreak. Being the country with the second-highest number of Coronavirus in the World has affected it badly, especially the companies like Samsung, LG and Hyundai. On Friday itself, South Korea reported 256 fresh cases of people infected with this deadly virus, which brought the total number of cases to 2,022.
A union spokesperson confirmed that one of the workers has tested positive, however, did not have many details.
In a news release, Hyundai Moto Company said, “The company has also placed colleagues who came in close contact with the infected employee in self-quarantine and taken steps to have them tested for possible infection,” adding that the manufacturing plant is now being disinfected.
South Korea’s Coronavirus’ outbreak epicentre is Daegu, and the place, Ulsan, where Hyundai has its factories is just an hour away from it.
In total, Hyundai Motor runs 5 factories in Ulsan, which has an annual production capacity of 14 lakh vehicle which is roughly 30% of the company’s global production.
Ulsan is the World’s biggest car complex and the company employs over 34,000 people here.
The factory that had to be closed down manufactures company’s SUVs (Sport Utility Vehicles) such as Santa Fe, Tuscan, Genesis GV80, and Palisade.
Similarly, a factor run by Hyundai Supplier Seojin Industrial had to be closed when a worker who was infected with Coronavirus had died there. The factory was reopened on Wednesday. Also, Korean Air Lines Co Ltd, one of the top South Korean carriers said that it will cut down the number of flights flying to the US in March, on Friday.
The airline said that before letting the passengers boarding the flight for the US, they will have to get their temperatures taken and anybody who will have a temperature higher than 37.5 °C or 99.5 °F will not be allowed to fly.
The airline said that it will expand these procedures to other routes as well. One of the airlines’ flight attendants was tested positive for Coronavirus who served on Incheon to Los Angeles route.