Sangsin Brake, Complete Factory Production Halt
[Asia Economy Reporter Minwoo Lee] Sangsin Brake announced on the 25th that it will stop manufacturing brake pads at all its factories. The sales revenue from the discontinued production area was approximately 305 billion KRW last year. The company explained, "Due to the impact of the novel coronavirus disease (COVID-19), orders from customers decreased as finished car sales declined."
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Bull Market End Signal? Securities Firm Warns: "Sell SK hynix 'At This Moment'"
- KOSPI Drops to 7,000 in Early Trading Amid Foreign Sell-Off
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.