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Business trends

South Korean companies shift production out of China

Trade war and sluggish sales fuel Samsung-led exodus

SEOUL -- South Korean corporate giants Samsung ElectronicsHyundai MotorKia Motors and LG Electronics are moving production out of China, in an effort to reduce an overdependence that has left them vulnerable to a combination of local competition, geopolitical friction and economic headwinds hitting even the largest players hard.

"It's like they held out this long to avoid giving the Chinese government a bad impression, but now they can't take it anymore," said a source at a major Japanese financial institution that frequently deals with South Korean companies.

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