[Asia Economy Reporter Kang Nahum] Shinjin SM announced on the 5th that it will suspend product production due to the relocation of its Dongtan factory.
The scale of production suspension amounts to 5.2 billion KRW, which corresponds to 10.91% of recent sales revenue.
The company explained, "Since all related facilities will be relocated to the new factory (Jeongnam Factory) for production, the impact on sales revenue due to the suspension of production at the Dongtan factory is minimal."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
