Send E-mail
  • Hyundai Corp. to pay W38m to HHI
    Hyundai Corp. to pay W38m to HHI
    Hyundai Corp. (011760) announced on Aug. 4 that Korean Commercial Arbitration Board has determined it should pay US$38.03 million with 6 percent annual interest rate to its affiliate Hyundai Heavy Industries (009540) that filed to claim for goods. 　It will reclaim the money from its Russian distributor and pay the compensation. The arbitration cost will be paid 50:50.
From
Send to
Close Send

Hyundai Corp. to pay W38m to HHI

Aug. 4, 2016 - 17:45 By 황유미
[DISCLOSURE] Hyundai Corp. (011760) announced on Aug. 4 that Korean Commercial Arbitration Board has determined it should pay US$38.03 million with 6 percent annual interest rate to its affiliate Hyundai Heavy Industries (009540) that filed to claim for goods.

It will reclaim the money from its Russian distributor and pay the compensation. The arbitration cost will be paid 50:50.
Most Popular