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The Korea Herald
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THE INVESTOR
April 20, 2024

Market Now

Samkee Automotive inks W65.3b deal with Hyundai, Kia

  • PUBLISHED :June 19, 2018 - 17:02
  • UPDATED :June 19, 2018 - 17:02
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[DISCLOSURE] Samkee Automotive (122350) announced on June 19 that it has signed a contract worth 65.3 billion won (US$58.67 million) with Hyundai Motor (005380) and Kia Motors (000270) to supply chain covers and crankcases for new engines targeting North America. 

This amounts to 22.32 percent of its 2017 revenue and the contract is valid until Dec. 31, 2022.

By Hwang You-mee (glamazon@heraldcorp.com)

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