World's most productive factory shuts down amid Coronavirus outbreak

Amid unprecedented outbreak of dely coronavirus, world's most productive car factory, South Korea's Hyundai suspended its operations in  Ulsan complex on February 6. As nationwide crisis intensifies with escalating death toll of virus, country's industrial output is also taking a toll. factory which reportedly makes 1.4 million vehicles annually, reportedly fell quiet on Friday due to a lack of parts. 

Re - Mumbai Port Trust opts Proactive Measures Against vel Coronavirus

five-plant network is in a coastal location that facilitates imports and exports of cars globally. Owing to interconnected nature of global ecomy, supply lines are crucial. Furrmore, vel virus outbreak in China has also led to South Korean government to order border factories to shut ir operations in an attempt to contain spre. As a result, Hyundai along with its affiliate Kia, which ranks as world's fifth-largest auto manufacturer, has run out of wiring harnesses which connect complex electronics of vehicles. 

Re - China: Coronavirus Kills Whistleblower Doctor Li Wenliang

Can cost Hyundai $500 million loss

suspension of work at Hyundai's factories has me at least 25,000 people forcibly leave ir jobs with partial ws. According to international reports, analysts have said that se closures can also be first example of a phemen that rolled out around world. shutting down South Korean plant will also take a toll on company which could be as high as $500 million.

Kia will also suspend three plants for a day on Monday while South Korean unit of French automaker Renault is also considering to suspend work at its factory in Busan next week. Certain analysts have also warned of greater troubles that might arise if Beijing extends Lunar New Year holiday furr as dely coronavirus has killed 636 people with more than 31,000 infected. An ecomics professor at Korea's Inha University has reportedly said that 'biggest challenge' is body kws how outbreak will unfold. 

Re - Japan Confirms Ar 41 On Quarantined Cruise Ship Tested Positive For Coronavirus

Re -  China's Xi Discusses Coronavirus With Trump: State Media