The two examples given in the article are SK petrochemicals no longer profitable... | Hacker News

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		aurareturn on March 17, 2024 \| parent \| context \| favorite \| on: Large South Korean Companies Withdrawing from Chin... The two examples given in the article are SK petrochemicals no longer profitable/competitive in China and Hyundai downsizing from 5 to 3 plants due to China's rapid transition to EVs.

alephnerd on March 17, 2024 [–]

Not exactly. It's mostly because of the aftermath of the anti-Korea boycott that happened from 2016-Present along with the slowdown due to COVID.

That boycott almost pushed South Korea into recession and made them pivot to Vietnam, and Lotte was functionally banned in China.

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