South Korean companies resuming op

Automakers such as Hyundai, Kia, SsangYong and Renault Samsung, which had stopped their assembly lines in Korea due to a shortage of China-sourced auto parts, will also restart their operations.said Korean businesses had only “partially” restarted and were unsure if operations would fully resume as the virus continues to spread.

“Our business could have been disrupted if the Suzhou plant remained suspended,” a Samsung official said. LG Electronics said seven of its 10 plants in the mainland restarted operations on Monday, while three of them were waiting for approval from the Chinese government.An LG official said it would take a while for business in China to resume full capacity.

SK Innovation said its petro-leum and chemical production plants in China were not affected by the outbreak, as their manufacturing plants were automated, which significantly lessened infection risk.

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Tiny Korean fund hits jackpot with ‘Parasite’ investmentA tiny South Korean hedge fund invested around US$500,000 into the first foreign-language film to win best picture at the Oscars.
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