The Korea Herald

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Korea Polymer halts negotiations on Indonesia mine

By 정민경

Published : Oct. 13, 2016 - 11:36

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[DISCLOSURE] Korea Polymer (009810) said on Oct. 13 that it has halted its negotiations with an Indonesian company to develop mines in Indonesia due to difference of opinions.

The South Korean industrial packaging manufacturer signed a memorandum of understanding on Aug. 3 to acquire 40 percent stake in the Indonesian firm that holds a manufacturing license for mining in the country.

By Jung Min-kyung (mkj1105@heraldcorp.com)