UPDATED. 2024-05-17 07:44 (금)
YEST wins compensation from KDX in China
YEST wins compensation from KDX in China
  • Gijong Lee
  • 승인 2021.03.23 21:49
  • 댓글 0
이 기사를 공유합니다

Korean firm to receive 90% of due payment as compensation
Image: YEST
Image: YEST

YEST said Tuesday that it has won a ruling in China against KDX.

The Korean display and chip equipment maker will receive 90% of the payment it was suppose to receive from Chinese optical film maker as compensation, after the contract between the pair was canceled.

YEST signed a US$13.65 million contract with KDX in 2018 to supply it with furnaces used in display production.

But KDX failed to pay the deposit or bring in the furnaces that were made following the order.

YEST sent a letter in September 2019 for the Chinese company requesting it to fulfill the contract but still there was the progress.

Afterwards, the Korean firmed filed a complaint to China’s trade mediation commission, which ruled in its favor.

삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr