Lebanon Cabinet Approves Financial Gap Law to Tackle Ongoing Economic Crisis 
Platinum Surges to Record High as Supply Crunch and Policy Shift Drive Historic Rally 
TSMC Honors Japanese Chip Equipment Makers With 2025 Supplier Awards 
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccine Portfolio 
Japan Approves Record ¥122.3 Trillion Budget as Takaichi Seeks Fiscal Balance 
UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs 
Japan Plans $189 Billion Bond Issuance as Record Budget Signals Expansionary Fiscal Policy 
Russian Stocks End Lower as Energy and Mining Shares Weigh on MOEX Index 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session 
Warner Bros. Discovery Shares Slide Amid Report of Potential Paramount Skydance Lawsuit 
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge 
RBA Signals Possible Interest Rate Hike in 2026 as Inflation Pressures Persist 
BOJ Governor Signals Gradual Rate Hikes as Japan’s Inflation Nears 2% Target 
BP Nears $10 Billion Castrol Stake Sale to Stonepeak 
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies 
Italy Fines Apple €98.6 Million Over App Store Dominance 
Hyundai Motor had to halt its production line in South Korea once again, and just like before, the company had to make this decision due to a parts supply shortage. The assembly works in the automaker’s plant will be disrupted for a while until the parts needed are furnished.
As per Yonhap News Agency, the reason for the parts shortage was related to COVID-19. It was said that infections have spread at factories of Hyundai Motor’s main parts supplier, so it could not deliver the orders.
The suspended plants in S. Korea
It was announced that out of five Hyundai Motor factories in Ulsan, four were temporarily shut down. On Thursday, June 10, the automaker’s spokesperson confirmed it would pause the operations in some Ulsan plants.
"Several Hyundai Mobis workers were infected with COVID-19, and disrupted supplies of cockpit modules resulted in the plants' suspension," the spokesman stated.
At this time, Hyundai's factory no. 1, 2, 4, and 5 are closed, and only its plant no. 3 will continue to operate for now. The only open factory is where the production of the Avante compact and the Venue subcompact is done.
It was said that the company is expecting Hyundai Mobis, the parts supplier, to resume its operations soon, once the health authorities completed its inspection and quarantine measures. When the production starts again, the Hyundai Motor plants will, in turn, be re-opened as well.
Hyundai halted production in India
Prior to the suspension of its plants in S. Korea, Hyundai also shut down its factory in India. In May, the company was forced to close its plant in Tamil Nadu as two workers were diagnosed as positive with COVID-19.
The work was stalled for five days, and the company made this decision as many factory workers staged a sit-in protest for the safety of everyone. They are requesting Hyundai to take measures to avoid the spread of the disease and keep their workplace safe, Business Korea reported.
"The COVID-19 situation in India has become far from good, causing an extension of lockdowns," an official from Hyundai said. "So we have decided to suspend operations in India temporarily."
