A three-hour bus ride north from Gumi to Icheon is the site of chipmaker SK Hynix, a key Apple supplier. We reported on Thursday that the company had a trainee test positive for the virus.
Deutsche Bank published a note last week outlining how South Korea made the list of highly exposed economies to China. In other words, economic disruptions in China would have a significant impact on South Korea.
With top electronic makers from South Korea to China shuttering plants and experiencing declining output – this all means lower chip demand, and the semiconductor bubble could finally have met its match.