Cosmax Corrects New Facility Investment Amount from 41.5 Billion to 59.4 Billion Won

by Moon Hyewon

Published 22 Aug.2022 17:20(KST)

[Asia Economy Reporter Moon Hyewon] Cosmax announced a correction on the 22nd, increasing the new facility investment amount disclosed in April last year from 41.5 billion KRW to 59.43 billion KRW.

This corresponds to 21.9% of the company's equity capital.

The construction schedule has been postponed to the end of August next year.

A company official explained, "The construction schedule was delayed due to COVID-19," and added, "The investment amount increased due to an increase in building area and rising raw material costs."