Woori Industry Selected as Coolant Supplier for European Automakers...502 Billion KRW Deal

[Asia Economy Reporter Lee Seon-ae] Woori Industry announced on the 19th that it has been finally selected as the coolant heater supplier by a European completed car manufacturer. The supply amount is approximately KRW 50.161 billion over a 5-year supply period, which corresponds to about 17.4% of the 2020 sales revenue. The supply period is from 2024 to 2028. The retention period is until December 31, 2028. The company stated the reason for withholding the disclosure as “the obligation to comply with confidentiality between the parties under the contract, concerns about maintaining smooth transactions with existing customers, and restrictions on business activities.”