Asia braces for fallout as China and Europe face energy crunch

Published Oct 04 2021 at 1:30 AM GMT
  • Oh Sang-hoon, an executive of a South Korean company that manufactures television parts, is gearing up for an impending energy crunch.
  • Even though electricity bills only account for a fraction of costs for the firm, which supplies parts to electronics giants Samsung and LG, Oh has already felt the effects of skyrocketing oil prices.
  • The price of transport and raw materials such as plastics – which are derived from oil, gas, or coal – have risen by 5 to 10 per cent.“I’m quite worried about rising….



  • Published Oct 4, 2021 1:30 AM GMT