Tech Industries Remain Unharmed after South Korea’s Recent Earthquakes

15 Sep

South Korea’s Gyeonjgu area was struck by two massive earthquakes with magnitudes of 5.1 and 5.8 on Sep. 12th. The quakes are reportedly the strongest in Korea’s history. Similar to the earthquakes in Japan’s Kumamoto region and the one which took place in southern Taiwan, the earthquake in South Korea has raised concerns toward the statuses of companies from semiconductor and tablet industries. These include manufacturing giants such as SK Hynix, Samsung, and LG.

The powerful earthquakes, which had a magnitude of 5.1 and 5.8, took place near Gyeonjgu city, which is close to where LG Display’s Gumi manufacturing facility is located. From what Technews has learned, LG Display was able to immediately shut down its factory right when the earthquake took place; Thus, no serious damage at the plant has been reported. Its main display manufacturing facility in Paju, which is located near the northwest of South Korea, also suffered relatively little damages.

According to the industry’s sources, a growing number of South Korea’s semiconductor and display manufacturing facilities have already started to resume their operations. Most of the display factories are in cities in the north of South Korea, such as Gyeonggi-do and Chungcheongnam-do, which are distances away from the epicenter where the earthquake took place. Samsung’s semiconductor and memory facilities are also located in the country’s relatively unaffected regions, including Pyeongtaek, Giheung, and Hwaseong. The M11 and M12 production facilities from SK Hynix are relatively safe as well, since they are located in Chungcheong-buk do, Cheongju city; and the new plant, M14, is located in Gyeonggi-do. Hence, in general, the technology industry in South Korea has remained safe.

(picture: TPGimages)