LH has filed a 1.74 trillion won ($1.31 billion) damages suit against GS Engineering & Construction over the 2023 Geomdan apartment collapse, with GS E&C pledging a robust legal response.
#YonhapInfomax #LH #GSEngineeringConstruction #DamagesClaim #GeomdanAccident #174TrillionWon #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=102128

Cellumed Co. is moving to sell its profitable subsidiary HwanKyung ENG to address severe liquidity pressures, as mounting losses and a $18.6 million damages claim threaten its financial stability.
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#Cellumed #HwanKyungENG #Liquidity #DamagesClaim #SubsidiarySale
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=73257

Samsung Heavy Industries has filed for damages against Russia's Zvezda shipyard after terminating 4.85 trillion won ($3.5 billion) in shipbuilding contracts, citing prolonged Russia-Ukraine war uncertainties and retaining $800 million in advance payments while seeking further compensation through arbitration.
#YonhapInfomax #SamsungHeavyIndustries #Zvezda #ContractTermination #LNGCarriers #DamagesClaim #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=68155