The Korea Herald

피터빈트

Sigong Tech's US$7.2m order from Baekseok Univ canceled

By 황유미

Published : June 27, 2016 - 15:16

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‘[DISCLOSURE] Sigong Tech (020710) announced on June 27 that the 8.4 billion won (US$7.2 million) construction order from Baekseok University has been canceled. This amounts to 11.1 percent of its revenue in 2013. The contract was signed in May 2014 but the school canceled it citing financial difficulties.