Samsung Electronics and LG Electronics have decided to cut production of their televisions and other home appliances in order to
Warehouse assets of Samsung Electronics in the firstquarter of this year, disclosed to the Financial Supervision Service, also rose by 53.9% over the same period last year. As inventories increased, Samsung Electronics reportedly notified parts suppliers of volume adjustments, signaling a decline in production. According to reports, Samsung Electronics has temporarily put new supply orders on hold due to rising inventories and concerns about global inflation. LG Electronics is also cutting production of its home appliances to cope with lower demand. “During the pandemic, demand has increased, but we are moving into an endemic, so we are adjusting our production accordingly,” said an LG Electronics spokesperson.