After Kim Jong Un's Defense Pact With Russia, Global Economy Could Lose $4 Trillion If War Erupts Between North And South Korea, Warn Experts
Portfolio Pulse from Benzinga Neuro
A new defense pact between North Korea and Russia has increased the risk of conflict between North and South Korea, which could result in a $4 trillion hit to the global economy. South Korea's significant role in the global electronics market, particularly in memory chips, means that companies like Apple Inc. (NASDAQ:AAPL) could be affected.
July 29, 2024 | 8:28 am
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Apple Inc. (NASDAQ:AAPL) could face supply chain disruptions due to South Korea's significant role in the global electronics market, particularly in memory chips, if conflict erupts between North and South Korea.
South Korea produces a significant portion of the world's memory chips, which are crucial for Apple's products. A conflict could disrupt these supplies, negatively impacting Apple's production and revenues.
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