Yujin Corporation Terminates Supply Contract Worth 110.7 Billion KRW

[Asia Economy Reporter Oh Ju-yeon] Eugene Corporation announced on the 10th that the construction contract worth 110.7 billion KRW for Yujin Magellan 21 in Singwan-dong, Gongju City, signed with Joyoung Construction Co., Ltd. and Blue Home Construction Co., Ltd., has been terminated.

This amount corresponds to 7.6% of the sales revenue as of the end of the recent fiscal year (end of 2019).

The company explained, "Due to the long-term non-fulfillment of contractual obligations by the contracting parties (implementer and contractor), the project cannot proceed."