LG, Samsung, Hyundai, three of the leading companies in South Korea, just ditched the Moderna COVID-19 vaccine as it is taking time for them to arrive. The firms originally announced that their employees are set to be inoculated with the Massachusetts-based biotechnology company’s vaccine, but as it has been difficult to procure enough vials, it was replaced.
Pfizer COVID-19 vaccine to replace Moderna
As per The Korea Times, S. Korea is actually struggling to obtain a sufficient supply of the Moderna shots. Because of this, the government made the decision to just change the brand of COVID-19 vaccines to Pfizer. These will be used for workers employed in big manufacturing companies, including Hyundai Motor, LG Group, and Samsung.
With the change of plans, it was reported that officials of large firms were notified by the Korea Disease Control and Prevention Agency (KDCA) about the replacement of Moderna vaccines for their employees. On Tuesday, July 20, companies said they were informed that Pfizer shots will instead be delivered to them.
It was only last month when the S. Korean government shared that it will be alloting Moderna vaccines to individuals working in the country’s leading business fields such as automotive, technology, and semiconductor. The officials are somehow prioritizing them due to concerns that the national economy will be gravely affected if the coronavirus spreads in these businesses.
"The Moderna vaccine supply, scheduled for the third week of July, has been postponed to the last week of July, due to quality inspections and delivery issues," KDCA director Jeong Eun Kyeong said in a statement on Tuesday. "We plan to discuss with the Ministry of Employment and Labor and companies to confirm the shift to the Pfizer vaccine."
Reason for the change of vaccine brand
It was mentioned earlier that the government has been having a hard time securing the Moderna vaccines, so the officials changed it to Pfizer. In related news, Yonhap News Agency stated that companies including LG and Samsung are replacing the shot because Moderna’s arrival schedule has been delayed.
It was added that the employees of the said firms are set to receive their first dose of the COVID-19 vaccine starting on July 27. "Our vaccination program will go on as scheduled but with a change of vaccine," an official from Samsung said.


Ford and Geely Explore Strategic Manufacturing Partnership in Europe
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
Washington Post Publisher Will Lewis Steps Down After Layoffs
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 



