With the prolonged supply and demand for automotive semiconductors, the domestic automaker industry has been shutting down factories one after another.

Ssangyong Motor Company announced today (7th) that "from the 8th to the 16th (excluding weekends) we will stop producing automobiles at the Pyeongtaek factory for 7 days."

Ssangyong Motors explained the reason for the suspension of production, saying, "It is due to a disruption in the supply and demand of automotive semiconductor device parts."

Ssangyong Motor, which operated the plant for the past three days due to refusal to supply parts to suppliers in February, will stop operating the plant this month due to a shortage in supply and demand for semiconductors.

Hyundai Motor Company, which adjusted production by reducing overtime at each plant, will shut down the Ulsan Plant 1, which produces Ionic 5 and Kona, from today to the 14th.

GM Korea has not completely stopped the operation of the plant, but since last February, the utilization rate of the Bupyeong plant 2 has been maintained at a level of 50%.

GM Korea's Boryeong Plant, which manufactures automatic transmissions, is also operating flexibly, such as closures due to the decrease in finished vehicle production.

It is known that major semiconductor foundries (consignment production) companies in Taiwan such as TSMC have increased the production rate of automotive semiconductors by 2-3%, which is experiencing a shortage of supply, but the shortage of semiconductors is expected to continue for the time being.