SOUTH KOREAN BAKING UNIT ANNOUNCES INVESTMENT
November 1st, 2017
Shinsegae Food, the baking unit of South Korea’s leading retail conglomerate Shinsegae Group, on October 30 in a filing to the KRX Korea Stock Exchange announced that it plans to invest South Korean Won KRW51.9 billion (USD46.6 million) boost its bakery output.
The company said in its filing that it hopes to “increase the production facility” of its baking business. And Hanwha Investment & Securities researcher Mang Hyun has been quoted by Korean-language daily Chosun as saying that “Shinsegae Food was building a bakery manufacturing line to supply ...
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