Asia braces for fallout as China and Europe face energy crunch
Published
Oct 04 2021 at 1:30 AM GMT
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- 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….
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- Published Oct 4, 2021 1:30 AM GMT