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.


Federal Reserve Crisis: DOJ Standoff Threatens Powell's Succession and Rate Stability
EA's $15B Debt Offering Draws $25B in Investor Demand Amid Credit Market Turmoil
Jeff Bezos Eyes $100 Billion Fund to Transform Manufacturing With AI
OpenAI's Desktop Superapp: Unifying ChatGPT, Codex, and Browser Tools for Enterprise AI
Trump Signals End of U.S. Military Campaign Against Iran as Markets Rally
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures
Netflix Eyes South Korea for More Live Events as BTS Concert Livestream Approaches
Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed?
Delivery Hero Sells Taiwan Foodpanda to Grab for $600 Million in Debt-Reduction Push
Asian Markets Mixed as Oil Volatility and Inflation Fears Weigh on Sentiment
Elliott Investment Management Takes Multibillion-Dollar Stake in Synopsys
Elon Musk Announces Terafab: SpaceX and Tesla to Build Dual AI Chip Factories in Austin, Texas
Asian Currencies Slide as Oil Prices Surge Amid U.S.-Israel-Iran Conflict
Paraguay Central Bank Holds Interest Rate at 5.5% Amid Slowing Growth
GE Vernova and Hitachi's $40 Billion SMR Investment Signals a New Era for U.S. Nuclear Energy
Sinopec Posts 36.8% Net Profit Drop in 2025 Amid Weak Petrochemical Margins and Energy Transition Pressures
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 



