Assessing the impact of coronavirus in Korea

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30 March 2020

Assessing the impact of coronavirus in Korea

Report summary

On 20th February, South Korea was the fourth Asian nation to record coronavirus cases after China, Singapore and Japan. The initial trajectory of new cases was worse than even China, but strict measures enabled the initial phase to peak by around 4th March. Since then new cases are stable at around 100 per day, with nearly 10,000 confirmed infections in total. For many, South Korea is a comparative success story in this crisis given the initial infection rate, but there will still be considerable economic consequences in the world's fourth largest metallurgical coal importer. As part of our ongoing coverage of coronavirus impacts, we assess the effects of the outbreak on the economy, steel-intensive sectors, and metallurgical coal buyers.

Table of contents

  • Korean economy facing direct and indirect impacts from coronavirus
  • Uneven impact on Korea’s steel-intensive industrial sectors
  • Hot metal production to take a hit
  • Met coal imports will also decline, but which supply sources are most at risk?
  • Conclusion

Tables and charts

This report includes 2 images and tables including:

  • Steel sector impacts in Korea
  • Korea's metallurgical coal imports (2019-2020)

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    Assessing the impact of coronavirus in Korea

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