Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Man convicted after binge eating to avoid military service
-
4
First snow to fall in Seoul on Wednesday
-
5
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
6
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
7
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
8
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
9
Job creation lowest on record among under-30s
-
10
Opposition chief acquitted of instigating perjury
Woojeon to shut down Chinese subsidiary for corporate restructuring
By 정민경Published : Aug. 10, 2016 - 16:28
[DISCLOSURE] Woojeon (052270) will shut down Dongguan Woojeon, its wholly owned subsidiary in China, as part of corporate restructuring following a decline in client orders and difficulties collecting account receivables from major clients, it announced on Aug. 10.
The shutdown cost is 121 billion won (US$110.4 million), which accounts for 62.89 percent of the parent company’s total revenue in 2015.
The shutdown cost is 121 billion won (US$110.4 million), which accounts for 62.89 percent of the parent company’s total revenue in 2015.
