Welcron Hantec Terminates Supply Contract Worth 113.2 Billion KRW
[Asia Economy Reporter Oh Ju-yeon] Welcron Hantec announced on the 27th that it has terminated a supply contract worth 113.2 billion KRW for the construction of a new building in Wonju Innovation City. The termination amount corresponds to 56.29% of the consolidated sales revenue as of the end of 2020.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051414165763158_1778735817.jpg)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- [Breaking] Park Sukeun, Central Labor Relations Commission Chair: "Some Gaps Narrowed Between Samsung Electronics Labor and Management"
- Is This the Peak? As Others Hesitate..."The Answer Is Clear for Surviving the KOSPI 10,000 Era"
- "If That's the Case, Why Not Just Buy Stocks?" ETFs in Name Only, Now 'Semiconductor-Heavy' and a Playground for Short-Term Traders
- "No Cure Available, Spread Accelerates... Already 105 Dead, American Infected"
The company explained the reason for the termination as a "mutual contract termination agreement," stating, "Due to increased external uncertainties such as recent raw material price hikes and increased financial costs from interest rate hikes, both parties agreed to terminate the contract." It added, "There will be no damages incurred or to be incurred by our company due to the contract termination."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
