Strikes at major suppliers halted all car production in South Korea on Monday and badly hit an electronics giant, prompting the central bank governor to warn of a possible economic slowdown.

A Daewoo Motor Company spokesman said disputes at about a dozen parts suppliers forced it to shut down its assembly lines temporarily Monday.Lines at the country's two other car producers, Hyundai Motor Company and Kia Motor Corporation, ground to a halt over the weekend because of similar problems.

"If the current labor problems continue for a long, I fear this year's economic growth rate will fall short of the 8 percent forecast by the government," said Kim Kun, head of the Bank of Korea.