Shinshin Pharmaceutical Terminates Supply Contract for Health Nitrile Gloves Worth 8.5 Billion KRW

[Asia Economy Reporter Minji Lee] Shinshin Pharmaceutical announced on the 18th that it has terminated the supply contract for medical nitrile gloves with Luceque Global (U.S. distributor). The termination amount is 8.5 billion KRW, which accounts for 12.6% of last year's sales revenue.

The company explained, "Due to internal circumstances of the external manufacturer, we received a notice of inability to supply the product and informed the U.S. distributor that product supply is not possible."